Bullish
Crypto Liquidations Hit $143M in 24h, Shorts Account for 58% of Total
21:30
Global liquidations reached $143M with shorts dominating at $83.7M. BTC and ETH saw significant short-side clears, while Binance recorded the largest single event at $2.99M.
Woofun AI data shows that total crypto liquidations amounted to $143 million over the past 24 hours. Short positions comprised the majority of this volume with $83.7064 million cleared, compared to $58.9446 million for long positions. Bitcoin shorts faced $17.8852 million in liquidations versus $12.3801 million for longs, while Ethereum shorts saw $16.1488 million cleared against $9.9842 million for longs.
A total of 55,635 traders experienced liquidations globally during this period. The largest individual liquidation event occurred on Binance's BTCUSDT pair, valued at $2.9876 million.
WOOFUN AI
Impact Assessment · Quick Read
The dominance of short liquidations suggests a sharp upward price movement triggered leveraged short squeezes across major assets. With BTC and ETH shorts facing heavier losses than longs, market sentiment appears to be shifting rapidly bullish. The concentration of large liquidations on Binance indicates potential volatility spikes on major centralized exchanges, which may lead to further cascading effects if leverage remains high.
Generated by WOOFUN AI · For reference only, not investment advice
Comments
No comments yet.