TREE NEWS reports: Crypto futures liquidations across the market totaled $932 million over the past 24 hours, with long positions accounting for $796 million and shorts $136 million, CoinGlass data shows. BTC liquidations reached $212 million and ETH $281 million. The single largest liquidation, worth $12.03 million, occurred on Binance’s BTCUSDT pair.
Crypto Liquidations Hit $932M in 24 Hours, Longs Dominate at $796M
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AI take
The lopsided long-heavy split points to a leveraged-position washout rather than a broad shift in sentiment, with ETH liquidations exceeding BTC despite the latter's larger market profile. The concentration of forced selling in a single Binance BTCUSDT order highlights how thin the top of book can get when crowded positioning unwinds. Whether the long tilt persists into the next session, or shorts begin to build, is the open question for reading positioning from here.
Generated by AI for reference only.
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