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Crypto DeFi

Crypto Liquidations Hit $314M in 24 Hours, Longs Dominate at $257M

Crypto futures liquidations across all exchanges totaled $314 million over the past 24 hours, with long positions accounting for $257 million and shorts $56.5 million, CoinGlass data shows. Bitcoin liquidations reached $69.05 million and Ethereum $63.11 million. The single largest liquidation was a $7.03 million ETHUSDT position on Binance.

Original source

AI take

The lopsided long-to-short split signals that the move was a positioning flush rather than a broad two-way repricing, which tends to matter more for leverage than for spot. That said, the largest single liquidation being an ETHUSDT position on Binance, with ETH liquidations running close to Bitcoin's, suggests the pain was not confined to one asset. Whether the long-heavy skew persists as the dominant pattern in coming sessions is the open question.

Generated by AI for reference only.

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