The cryptocurrency market has just gone through a major shake-up.
According to the latest data from Coinglass, shared by BlockBeats, over $274 million worth of positions were liquidated in the past 24 hours.
What stands out is the huge imbalance:
Short positions lost $216 million
Long positions lost $58.19 million
This means traders betting against the market — the shorts — took the biggest hit.
Such large-scale liquidations often signal a sudden and powerful price move, catching many traders off-guard. When shorts are liquidated at this scale, it usually shows that prices moved sharply up, forcing bearish traders to close their positions at a loss.
This event has created strong momentum and could open the door for more volatility in the coming hours.
Traders should stay alert — the market is moving fast, and the next big move may already be underway.