Total liquidations across the network in the past 24 hours reached $560 million
101,924.33
-1.65%
Coinglass data shows that the total liquidation amount across the cryptocurrency network in the past 24 hours reached $560 million, with long position liquidations amounting to $385 million, accounting for nearly 70% of the total liquidation amount, while short liquidations reached $175 million. This significant imbalance in long and short liquidations once again highlights the extreme pressure faced by over-leveraged long positions as Bitcoin's price hovers around $101,000.
Specifically, Bitcoin long positions were liquidated for $182 million, and Ethereum long positions were liquidated for $78.2832 million, indicating that these two major assets are the primary victims of this deleveraging. The largest single liquidation occurred on the Hyperliquid exchange's BTC-USD contract, worth $15.3129 million.
