TREE NEWS reports: Crypto futures liquidations across major exchanges reached $745 million in the hour to 06:21, with long positions accounting for $715 million and shorts $29.62 million, CoinGlass data show. About 137,000 traders were liquidated in the past 24 hours, with ETH and BTC losses at $343 million and $229 million respectively. The largest single liquidation was a $48.16 million ETH/USDT order on Binance, as BTC fell 1.52% to $74,643 and ETH dropped 4.52% to $2,132.8.
Crypto liquidations hit $745M in one hour, longs 96% of total
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AI take
The near-total skew toward longs turns a modest BTC decline into a $745 million flush, showing how crowded leveraged positioning had become rather than reflecting any broad risk event. ETH's outsized share of losses and the single large Binance ETH/USDT order point to concentrated pain in that market. The open question is whether this forced deleveraging resets positioning quickly or signals that further downside pressure is building.
Generated by AI for reference only.
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