tl;dr
Over the past 24 hours, 2,086 traders incurred $258.34 million in liquidations, with Ethereum shorts suffering $42.33 million in liquidations amid a 3.2% price surge from $1,579.52 to $1,629.86. In a 12-hour window, $126.18 million in liquidations occurred, split between $60.01 million in longs and ...
Over the past 24 hours, 2,086 traders faced liquidations amounting to $258.34 million, with Ethereum shorts suffering $42.33 million of this loss amid a 3.2% price surge in ETH from $1,579.52 to $1,629.86. This rally triggered significant margin calls and wipe-outs, including the largest single loss of $2.65 million on Bybit’s ETH/USDT market.
Within a recent 12-hour window, total liquidations hit $126.18 million, split almost evenly between $60.01 million in longs and $66.17 million in shorts. Ethereum took the lead, accounting for $42.33 million predominantly from short positions, followed by Bitcoin with $33.24 million in liquidations. Overall, about 76% of liquidations across major cryptocurrency assets were long positions.
Bitcoin’s price also rose by 1.1% to $88,324.30, but it experienced significant liquidations of both longs ($29.96 million) and shorts ($57.65 million) over 24 hours, illustrating how volatility affected both sides of the market.
The liquidation data underscores the risks of using high leverage during volatile price swings, especially in Ethereum’s market, where short squeezes and stop-hunts have recently dominated trading activity. These dynamics highlight the precarious nature of leveraged positions in fast-moving markets.