Crypto▼ Bearish
Balanced crypto liquidations hit $439M, 100,000+ traders caught
Crypto liquidations hit $439M in 24 hours with nearly equal long and short positions. Over 100,000 traders were caught. The largest single liquidation was a $4.97M BTCUSDT perpetual on Binance.
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The crypto market just saw $439 million in leveraged positions liquidated over 24 hours, according to data from Coinglass. The unusual part: long and short positions were wiped out in nearly equal proportions. That symmetry is rare. Most liquidation events crush one side heavily, not both.
More than 100,000 traders had their positions forcibly closed during the window. The largest single liquidation was a roughly $4.97 million BTCUSDT perpetual contract on Binance.