Virtual asset 24-hour liquidations $382 million, longs account for $295 million
Original headline가상자산 24시간 청산 3억8200만달러, 롱이 2억9500만달러 차지
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Crypto derivatives markets saw $382 million in liquidations over the past 24 hours, with long positions accounting for $295 million and short positions $87.39 million, according to CoinGlass data. Ethereum contracts led with $126 million liquidated versus $92.55 million for Bitcoin, indicating leveraged longs were caught offside in ETH trading. The long-heavy split signals that traders betting on further upside were forced out as prices moved against them, amplifying spot market selling pressure. Watch whether ETH open interest and funding rates reset lower in the coming sessions, which would indicate deleveraging is running its course.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
Ethereum (ETH), Bitcoin (BTC), CoinGlass
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