【$1.16 billion in liquidations; $ETH was hit hardest】
Over the past 24 hours, more than $1.15 billion in crypto positions were liquidated, including about $1.04 billion in long positions, with over 167,000 traders forcibly closed out. $ETH saw more than $500 million in liquidations, while $BTC saw about $309 million. This was no longer just a few highly leveraged accounts getting unlucky—it was a wave of long liquidations sweeping across major coins.
BTC briefly fell below $74,000, and on the weekly chart it also lost the 50-week moving average at around $75,500, ending a run of seven consecutive weeks above the average. More troubling, U.S. spot BTC ETFs saw net outflows of $1.28 billion last week, showing that spot investors are pulling back too. Forced liquidations of leveraged positions create automatic selling pressure, while continued ETF outflows leave the market with less buying support. With both pressures piling up, a smooth rebound is naturally hard to achieve.
Still, liquidations also mean that some excessively crowded long positions have been cleared out. What matters next is not whether liquidation figures keep setting records, but whether BTC can reclaim $75,500 and whether ETF flows can stop declining. If prices recover the moving average and spot capital returns, this deleveraging will look more like a temporary shakeout. Otherwise, a rebound driven solely by futures-market declines may not last.
#加密市场24小时清算达11.6亿美元
Over the past 24 hours, more than $1.15 billion in crypto positions were liquidated, including about $1.04 billion in long positions, with over 167,000 traders forcibly closed out. $ETH saw more than $500 million in liquidations, while $BTC saw about $309 million. This was no longer just a few highly leveraged accounts getting unlucky—it was a wave of long liquidations sweeping across major coins.
BTC briefly fell below $74,000, and on the weekly chart it also lost the 50-week moving average at around $75,500, ending a run of seven consecutive weeks above the average. More troubling, U.S. spot BTC ETFs saw net outflows of $1.28 billion last week, showing that spot investors are pulling back too. Forced liquidations of leveraged positions create automatic selling pressure, while continued ETF outflows leave the market with less buying support. With both pressures piling up, a smooth rebound is naturally hard to achieve.
Still, liquidations also mean that some excessively crowded long positions have been cleared out. What matters next is not whether liquidation figures keep setting records, but whether BTC can reclaim $75,500 and whether ETF flows can stop declining. If prices recover the moving average and spot capital returns, this deleveraging will look more like a temporary shakeout. Otherwise, a rebound driven solely by futures-market declines may not last.
#加密市场24小时清算达11.6亿美元