According to recent data from Coinglass, reported by PANews, the cryptocurrency market experienced significant liquidations totaling $229 million in the past 24 hours. This event highlights the ongoing volatility in the cryptocurrency market, with both long and short positions suffering substantial losses. Below is a breakdown of the liquidations and their implications for traders and investors.

Liquidation Details

Total liquidation: $229 million

Long positions: $104 million (45.4% of total liquidation)

Short positions: $124 million (54.6% of total liquidation)

Bitcoin (BTC): Liquidation of $36.43 million

Ethereum (ETH): $94.87 million in liquidation

This distribution indicates a slight tilt towards liquidating short positions, suggesting that bearish bets were heavily impacted during this period, possibly due to unexpected price recoveries or market volatility. The significantly higher liquidation volume of Ethereum compared to Bitcoin reflects its increased volatility, which may be driven by recent network updates or market trends towards alternative currencies.

Context and Comparison

Historical data from Coinglass and other sources provide context for this event:

On August 18, 2025, the market experienced a liquidation worth $588 million, with short positions dominating at $504 million, indicating a bearish flow in the market.

On August 4, 2025, the liquidation reached $182 million, with long positions valued at $137 million, reflecting a sharp correction in bullish sentiment.

Previous instances, such as those on March 10, 2025, saw liquidations of $620 million, with Bitcoin alone accounting for $239.5 million, highlighting the recurring volatility.

Despite the significance of the $229 million liquidation event, it is considered relatively moderate compared to previous spikes, which ranged from $500 million to over $1 billion in 24 hours. This indicates that despite ongoing market volatility, the size of this event is not unprecedented.

Market Impacts

The near-equal convergence between long and short liquidations ($104 million versus $124 million) indicates a balanced competition between optimistic and pessimistic traders. This may reflect market hesitancy or a reaction to broader economic or geopolitical factors, such as recent shifts in U.S. policy or global market instability, as seen in previous liquidations linked to macroeconomic reports, such as the Producer Price Index data released on August 14, 2025.

The Ethereum contraction of $94.87 million, nearly three times that of Bitcoin’s contraction of $36.43 million, may be linked to its recent price movements and the Pictura network update, which boosted optimism and volatility. Despite being less affected, Bitcoin remains a gauge for market sentiment, and the relatively low contraction volume indicates greater stability compared to alternative currencies.$SOL

$BTC #eth #BTC #Write2Earn #BinanceTurns8 #BitcoinDunyamiz $ETH