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Crypto DeFi

Crypto Futures Liquidations Hit $109M in 24 Hours, Longs and Shorts Both Wiped

Crypto futures liquidations across major exchanges totaled $109 million over the past 24 hours, CoinGlass data showed on October 25. Short positions accounted for $63.43 million of the total, while long liquidations reached $45.50 million. ETH liquidations stood at $29.92 million and BTC at $21.76 million, with the largest single liquidation, a $3.01 million ETHUSDT order, occurring on Binance.

Original source

AI take

The near-even split between short and long liquidations points to a two-way squeeze rather than a one-directional trend, which tends to punish leveraged positioning on both sides and leaves the market more sensitive to the next catalyst. ETH outpacing BTC in liquidation value is notable, suggesting altcoin leverage carried more of the damage. Whether this balanced washout marks a pause or precedes further volatility is the open question worth watching.

Generated by AI for reference only.

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