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Crypto DeFi

Crypto Liquidations Hit $493M in 24 Hours, Longs Dominate

Crypto futures liquidations across exchanges totaled $493 million in the past 24 hours, with $299 million in long positions and $194 million in shorts, CoinGlass data shows. Bitcoin liquidations reached $147 million and Ethereum $206 million. The largest single liquidation, worth $11.77 million, occurred on Binance’s ETHUSDT pair.

Original source

AI take

The skew toward long liquidations, with Ethereum absorbing more forced selling than Bitcoin, points to a market that had leaned bullish into a pullback rather than a broad collapse. That Ethereum's largest single liquidation landed on a Binance USDT pair underlines how concentrated leveraged positioning remains on the major venues. Whether the long-heavy imbalance persists or shorts begin to build is the open question for the next session.

Generated by AI for reference only.

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