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latest snapshot of crypto liquidations today:
📉 Market Overview
Total Derivatives Liquidations:
Approximately $450–464 million wiped out in the past 24 hours — mostly from long positions on BTC, ETH & SOL cryptometer.io+12coindesk.com+12coinank.com+12binance.com.
Long vs Short Breakdown:
Long positions were hit hardest — around $392–422 million liquidated.
Short positions saw roughly $73–77 million liquidated coinalyze.net+4binance.com+4coinglass.com+4cryptoslate.com.
Trader Impact:
Over 130,000 traders were liquidated, with the $8 million single liquidation on Bybit’s BTCUSD pair being the largest binance.com+2cryptoslate.com+2ainvest.com+2.
🔍 Key Asset Liquidations
AssetLiquidations (24 h)BTC~$124 million (alt: $111–124 M) coinglass.com+12cryptoslate.com+12coinank.com+12ETH~$158 million SOLIncluded in broader total with significant volume AltcoinsAdditional millions across DOGE, ADA, XRP, etc.
CryptoMeter puts total at $86 million long + $19 million short (discrepancies likely due to different data sources) cryptometer.io.
🔁 What Triggered the Wave?
Volatility Surge: BTC plunged from ~$106.5 K to ~$102 K in hours, triggering forced liquidations cryptoslate.com+4coindesk.com+4ainvest.com+4.
Geopolitical tension (Israel–Iran) increased risk-off sentiment, though external markets were relatively stable coindesk.com+1tokenpost.com+1.
High leverage exposure among bullish traders—especially on BTC—amplified the move binance.com.
🧭 What This Means & What to Watch
Bear Liquidation Potential
Most forces were on long positions, but with market near range lows (~$102 K), a short squeeze could trigger if buyers step in.
Volatile Trader Sentiment
Sharp liquidations often create panic, but can also clear out over-leveraged longs—resetting the market.
Critical Price Floors
Eyes on $102 K support for BTC. A breakdown below could push it toward $94–97 K cryptometer.iocoinalyze.net+2binance.com+2ainvest.com+2.
Altcoin Spillover
With ETH, SOL, ADA also hit hard (4–8% intraday moves), altcoins remain sensitive—momentum could shift quickly.
✅ Summary
A $450–464 million liquidation cascade rocked the crypto derivatives market today, primarily targeting long positions.
Triggered by a sharp BTC drop amid geopolitical jitters, causing widespread stop-loss cascades.
Keep a close eye on BTC’s $102 K pivot — whether this marks a short-term bottom or further downward momentum into the $90–97 K zone.