💥 Nearly $2 billion in crypto positions liquidated in the past 24 hours
According to Coinglass, 315,859 traders were liquidated in the past 24 hours, with the total value reaching $1.93 billion — including $1.80 billion in long positions and just $122.90 million in short positions.
Notably, nearly $1 billion of that was liquidated in just the past 4 hours ($929.22 million, of which $888.65 million was in long positions). The largest single liquidation was recorded on Binance — an ETHUSDT pair worth $16.17 million.
$BTC is currently trading around $64,855, down 3.16% over the past 24 hours, with a daily low of $62,006 — it has recovered slightly from last night’s low but remains below the $66,000 mark.
📌 Knowledge corner: When more than 93% of liquidations are long positions, it signals a “long squeeze” — falling prices trigger liquidations, which in turn push prices even lower, creating a vicious cycle. Sessions like these are often accompanied by a spike in trading volume and sharp volatility in both directions.
Do you think this liquidation event has flushed out the leverage — or is another wipeout still ahead before the market rebounds?
According to Coinglass, 315,859 traders were liquidated in the past 24 hours, with the total value reaching $1.93 billion — including $1.80 billion in long positions and just $122.90 million in short positions.
Notably, nearly $1 billion of that was liquidated in just the past 4 hours ($929.22 million, of which $888.65 million was in long positions). The largest single liquidation was recorded on Binance — an ETHUSDT pair worth $16.17 million.
$BTC is currently trading around $64,855, down 3.16% over the past 24 hours, with a daily low of $62,006 — it has recovered slightly from last night’s low but remains below the $66,000 mark.
📌 Knowledge corner: When more than 93% of liquidations are long positions, it signals a “long squeeze” — falling prices trigger liquidations, which in turn push prices even lower, creating a vicious cycle. Sessions like these are often accompanied by a spike in trading volume and sharp volatility in both directions.
Do you think this liquidation event has flushed out the leverage — or is another wipeout still ahead before the market rebounds?
