Bullish
Crypto Liquidations Hit $303M in 24h as BTC Longs Dominate
2026-08-01 09:30:20
Total crypto liquidations reached $303M over 24 hours, with long positions accounting for $238M. BTC longs led losses at $100M, while a single Binance trade saw $47.6M cleared.
Woofun AI data shows that total network liquidations amounted to $303 million in the past 24 hours. Long positions constituted $238 million of this total, whereas short positions totaled $64.6509 million.
Bitcoin long liquidations reached $100 million, compared to $4.6 million for Bitcoin shorts. Ethereum longs faced $54.3597 million in liquidations, while Ethereum shorts accounted for $5.7206 million. Globally, 87,805 traders were liquidated, with the largest single event on Binance involving a BTCUSDT position worth $47.629 million.
WOOFUN AI
Impact Assessment · Quick Read
The dominance of long liquidations suggests a sharp correction phase where leveraged buyers are forced out. The significant volume in Bitcoin and Ethereum longs indicates broad-based deleveraging rather than isolated asset weakness. The large single liquidation on Binance highlights potential cascading risks during high volatility, though the overall market structure remains dependent on subsequent price action.
Generated by WOOFUN AI · For reference only, not investment advice
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