Conclusion up front: In the past 24 hours, a total of $145 million was liquidated across the entire network. Longs account for 66%. ETH and BTC, the two major coins, together have liquidated nearly $48 million, so leveraged longs are still the ones taking the brunt of the damage.
ETH liquidations were $27.08 million, ranking first; longs account for 58%. BTC liquidations were $25.10 million, with longs at 62%. Together they account for 33% of the total network liquidations, showing that this round isn’t just a farce of a single small coin—major coins are also getting cleared of leverage.
NEAR ranks third in liquidations, with a $10.57 million blowout, where longs make up 81%. The most heavily hit are the chase-long positions. The largest single order is a $13.89 million Bitcoin short from Binance—both rebounds and downturns are getting liquidated; the real problem is positions being too oversized.
In the past 24 hours, were you cleared out long positions or short positions?
$BTC $ETH
Check in real time: https://www.coinboss.com/liquidations