TREE NEWS reports: Crypto exchanges liquidated $507 million in futures contracts over the past 24 hours, with long positions accounting for $361 million and shorts $146 million, CoinGlass data shows. Bitcoin liquidations totaled $145 million and Ethereum $104 million. The largest single liquidation was a $10.041 million ETHUSDT order on Binance.
Crypto Liquidations Hit $507M in 24 Hours, Longs Dominate at $361M
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AI take
The long-heavy skew signals that leverage had built up on the bullish side and was flushed out in a single session, rather than a two-way squeeze. Bitcoin and Ethereum absorbing the bulk of it shows the pain was concentrated in the deepest, most liquid markets, where crowded positioning is most visible. The outsized single ETHUSDT order on Binance points to one large position being cleared rather than broad retail capitulation. Whether open interest rebuilds in the same direction, or positioning resets more balanced, is the open question.
Generated by AI for reference only.
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