TREE NEWS reports: Crypto futures liquidations across exchanges totaled $609 million over the past 24 hours, with long positions accounting for $431 million and shorts $178 million, CoinGlass data shows. Bitcoin liquidations reached $171 million and Ether $188 million. The largest single liquidation, worth $19.98 million, occurred on a HYPERLIQUID-ETH-USD contract.
Crypto Liquidations Hit $609M in 24 Hours, Longs Take $431M
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AI take
The skew matters more than the headline number: longs absorbing roughly twice the short liquidations signals a leveraged book caught leaning the wrong way, with Ether's total exceeding Bitcoin's despite the latter's larger market cap. That Ether led the unwind points to positioning stress concentrated in altcoin and ETH-linked contracts rather than a purely Bitcoin-driven move. Whether the long-heavy imbalance clears through further deleveraging or stabilizes is the open question worth watching.
Generated by AI for reference only.
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