TREE NEWS reports: Crypto futures liquidations across exchanges totaled $348 million in the past 24 hours, with $195 million in long positions and $152 million in shorts, CoinGlass data shows. Bitcoin liquidations reached $83.56 million and Ethereum $76.46 million. The single largest liquidation was a $4.89 million HYPERLIQUID-BTC-USD order.
Crypto Liquidations Hit $348M in 24 Hours, Longs and Shorts Both Wiped
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AI take
Two-sided liquidations of this scale point to a whipsaw rather than a one-directional flush, with neither longs nor shorts able to hold positioning through the move. The distribution matters more than the headline: BTC and ETH account for roughly half the total, while the largest single order sits on a perpetuals venue, underscoring how concentrated leverage remains in offshore derivatives. Whether the two-sided pattern persists or resolves into a directional squeeze is the open question.
Generated by AI for reference only.
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