TREE NEWS reports: Crypto futures liquidations across all exchanges totaled $213 million in the past 24 hours, CoinGlass data shows. Long positions accounted for $126 million of the wipeout and short positions $87.86 million. Bitcoin liquidations reached $52.01 million and Ether $36.34 million, with the single largest liquidation — worth $3.142 million — occurring on the ASTER-BTCUSDT pair.
Crypto Liquidations Hit $213M in 24 Hours, Longs and Shorts Both Wiped
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AI take
The near-even split between long and short liquidations points to a two-way shakeout rather than a one-directional trend break — both sides of the book were caught off guard, which typically signals choppy, range-bound conditions rather than a clean directional move. That Bitcoin and Ether accounted for a minority of the total suggests the pain was concentrated in altcoin and smaller-cap pairs, where leverage tends to run hotter. Whether this deleveraging marks a pause or the start of a deeper unwind is the open question.
Generated by AI for reference only.
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