In the past 24 hours, total liquidations across the network reached $836 million, with long positions dominating the liquidations.
Original headline过去 24 小时全网爆仓 8.36 亿美元,主爆多单
Not investment advice. Muhabbit scores how much a story may matter, not which way to trade.
Crypto liquidations totaled $836 million across the network in the past 24 hours, affecting 179,235 traders, with long positions accounting for $691 million, or 82.7%, of the total, according to CoinGlass data. Bitcoin liquidations reached about $220 million (84.9% longs), Ethereum about $146 million (84.0% longs), and other tokens roughly $118 million (82.8% longs). The largest single liquidation was a $10.94 million ETHUSDT position on Binance, which alone accounted for 42.4% of network-wide liquidations. The long-heavy skew signals that leveraged bullish positioning was caught offside by a downward move, amplifying spot selling through forced deleveraging. Traders will watch whether funding rates reset and open interest stabilizes, or whether further downside triggers another cascade of long liquidations.
Muhabbit's AI wrote this summary in its own words from TechFlow's report and translated it from Chinese. It can get details wrong, so check the source.
Named in this story
Bitcoin (BTC), Ethereum (ETH), Binance, CoinGlass
A linked name opens that asset's sentiment page.