TREE NEWS reports: Crypto futures liquidations across all exchanges reached $684 million over the past 24 hours, with short positions accounting for $423 million and longs $261 million, CoinGlass data shows. Bitcoin liquidations totaled $182 million and Ethereum $262 million. The largest single liquidation, worth $20.28 million, occurred on a HYPERLIQUID-ETH-USD contract.
Crypto Liquidations Hit $684M in 24 Hours; Shorts Take $423M
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AI take
The skew toward short liquidations suggests a sharp upward move caught bearish positioning offside, rather than a broad deleveraging in both directions. That Ethereum's liquidations exceeded Bitcoin's, and the single largest hit was an ETH-linked contract, points to concentrated stress in the second-largest asset. Whether the short-heavy imbalance unwinds quietly or forces further position-squaring is the open question.
Generated by AI for reference only.
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