TREE NEWS reports: Crypto futures liquidations across major exchanges totaled $334 million in the past 24 hours, with $175 million in long positions and $160 million in shorts, CoinGlass data show. BTC liquidations reached $65.89 million and ETH $112 million. The largest single liquidation was a $11.81 million ETHUSDT order on Binance.
Crypto Liquidations Hit $334M in 24 Hours, Longs and Shorts Both Wiped
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AI take
The near-even split between long and short liquidations is the tell here: this was a violent two-way shakeout rather than a one-directional flush, which tends to punish leveraged positioning on both sides and reset open interest without resolving direction. ETH's liquidation total outpacing BTC's, and the single largest order being an ETHUSDT position on Binance, points to ether as the epicenter of the stress. Whether that two-sided pattern persists or gives way to a directional move is the open question worth watching.
Generated by AI for reference only.
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