Over the past 24 hours, $636 million in crypto positions were liquidated across the market. Long positions took a $510 million hit, while shorts also lost $126 million.
Leveraged longs once again became the main buyers of the dip. But this time it wasn’t a one-sided wipeout—shorts didn’t escape unscathed either. Their $126 million in losses is high compared with similar episodes, suggesting this was a two-way deleveraging event, not just a long liquidation.
Funds are also flowing out: yesterday, spot Bitcoin ETFs saw net outflows of $201 million, while spot Ethereum ETFs saw net outflows of $184.6 million.
Historically, similar episodes have repeatedly been dominated by long liquidations, ranging from $127 million to $950 million. This time, the $636 million total represents a moderately high level, below the peaks of $922 million and $950 million in June 2025.
Longs took a heavy blow, and shorts were hurt too. Liquidations weren’t at a historical extreme, but the data is incomplete, so don’t rush to draw firm conclusions.
$BTC $ETH
#比特币现货ETF连续三日净流出2.01亿美元 #比特币连续五周下跌
Leveraged longs once again became the main buyers of the dip. But this time it wasn’t a one-sided wipeout—shorts didn’t escape unscathed either. Their $126 million in losses is high compared with similar episodes, suggesting this was a two-way deleveraging event, not just a long liquidation.
Funds are also flowing out: yesterday, spot Bitcoin ETFs saw net outflows of $201 million, while spot Ethereum ETFs saw net outflows of $184.6 million.
Historically, similar episodes have repeatedly been dominated by long liquidations, ranging from $127 million to $950 million. This time, the $636 million total represents a moderately high level, below the peaks of $922 million and $950 million in June 2025.
Longs took a heavy blow, and shorts were hurt too. Liquidations weren’t at a historical extreme, but the data is incomplete, so don’t rush to draw firm conclusions.
$BTC $ETH
#比特币现货ETF连续三日净流出2.01亿美元 #比特币连续五周下跌
