The 24-hour liquidation leaderboard reveals the truth: bulls are being liquidated in concentrated waves, but there has not yet been a complete capitulation.
When you compare the liquidation figures for Bitcoin, ETH, and SOL, the signal is very clear:
- Bitcoin’s 24-hour liquidations totaled 54.37 million, of which 39.49 million were short positions—2.6 times the amount of long liquidations;
- ETH’s 24-hour liquidations totaled 22.0116 million, with 14.257 million in long positions liquidated, meaning buying pressure was also concentrated on the upside;
- SOL saw a total of 5.4254 million in liquidations over the past 24 hours, including 4.0049 million in long positions, with bulls taking heavier losses.
The extended time frame is even more interesting:
The 4–12-hour window is the main period for this broad wave of bearish losses, as many bulls who bought the dip and held their positions are being shaken out;
However, the one-hour metric has begun to narrow, and liquidation volume has clearly declined, suggesting that short-term panic is losing momentum.
Many people see a large number of long orders being liquidated and immediately turn against the market;
But there is a very practical logic here: the more positions that need to be flushed out, the less room the market has to fall.
At this point, it is not simply one-sided short selling; funds are prioritizing the liquidation of leveraged long positions that entered at high levels and chased the highs;
$SOL $ETH #BTC
When you compare the liquidation figures for Bitcoin, ETH, and SOL, the signal is very clear:
- Bitcoin’s 24-hour liquidations totaled 54.37 million, of which 39.49 million were short positions—2.6 times the amount of long liquidations;
- ETH’s 24-hour liquidations totaled 22.0116 million, with 14.257 million in long positions liquidated, meaning buying pressure was also concentrated on the upside;
- SOL saw a total of 5.4254 million in liquidations over the past 24 hours, including 4.0049 million in long positions, with bulls taking heavier losses.
The extended time frame is even more interesting:
The 4–12-hour window is the main period for this broad wave of bearish losses, as many bulls who bought the dip and held their positions are being shaken out;
However, the one-hour metric has begun to narrow, and liquidation volume has clearly declined, suggesting that short-term panic is losing momentum.
Many people see a large number of long orders being liquidated and immediately turn against the market;
But there is a very practical logic here: the more positions that need to be flushed out, the less room the market has to fall.
At this point, it is not simply one-sided short selling; funds are prioritizing the liquidation of leveraged long positions that entered at high levels and chased the highs;
$SOL $ETH #BTC