TREE NEWS reports: Crypto futures liquidations across exchanges totaled $503 million in the past 24 hours, with long positions accounting for $432 million and shorts $70.81 million, CoinGlass data shows. Bitcoin liquidations reached $115 million and Ether $104 million, while the single largest liquidation was a $22.63 million ETHUSDT order on Bitget.
Crypto Liquidations Hit $503M in 24 Hours, Longs Dominate
The lopsided long-to-short split signals a leveraged market caught offside by a downside move rather than a two-sided shakeout, which tends to matter more for positioning than the headline figure itself. The concentration in bitcoin and ether, plus a single ETHUSDT order on Bitget ranking as the largest, points to perp-heavy venues as the pressure point. Whether the long skew persists in the next liquidation prints is the open question.
Generated by AI for reference only.
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