TREE NEWS reports: Crypto futures liquidations across exchanges totaled $164 million over the past 24 hours, with long positions accounting for $107 million and shorts $57.4 million, CoinGlass data show. Bitcoin liquidations reached $23.94 million and Ether $21.34 million. The largest single liquidation order was a $3.14 million HYPERLIQUID-ZEC-USD position.
Crypto Liquidations Hit $164M in 24 Hours, Longs Take $107M
The long-heavy skew shows leverage was positioned for continuation, not defense, so this reads as a positioning flush rather than a directional verdict. That the largest single liquidation landed in a smaller altcoin venue rather than BTC or ETH suggests stress is concentrated in thinner, more speculative corners of the perp market. Whether the long share of liquidations keeps outpacing shorts is the tell for whether this was a one-off reset or the start of broader de-risking.
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