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Crypto DeFi

Crypto Liquidations Hit $188M in 24 Hours, Longs Dominate at $157M

Crypto futures liquidations across exchanges totaled $188 million in the past 24 hours, with long positions accounting for $157 million and shorts $31.75 million, CoinGlass data shows. ETH liquidations reached $69.99 million and BTC $42.19 million, while the single largest liquidation was a $10.21 million order on Binance’s ETHUSDT pair.

Original source

AI take

The skew toward longs is the story here: a $157 million long flush against only $31.75 million in shorts points to crowded upside positioning being unwound rather than a broad two-way deleveraging. That ETH liquidations outpaced BTC, and that the largest single order was an ETHUSDT position on Binance, suggests the heaviest leverage was concentrated in the second-largest asset. Whether that concentration persists in the next liquidation print is the open question.

Generated by AI for reference only.

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