Crypto Liquidations Hit $289M as Longs Bear the Brunt

Nearly $289 million in leveraged crypto positions were liquidated over the past 24 hours, CoinGlass data showed. The flush was heavily skewed toward bullish bets. Long positions accounted for about $178.90 million, or 61.85% of the total. Shorts made up the rest, roughly $110.79 million.

A long-heavy liquidation pattern usually means a downside move or a sharp intraday reversal caught crowded positioning off guard, forcing exchanges to close trades as margin requirements broke. Bitcoin and Ethereum drove the bulk of the action. BTC-related positions saw about $126.10 million liquidated, while ETH posted roughly $120.41 million.

In the most recent four-hour window, Binance led exchange-level liquidations with about $7.82 million, roughly 45% of the tracked total. Binance's four-hour figure was slightly dominated by shorts, with around $4.16 million coming from bearish positions. Hyperliquid ranked second, with about $3.46 million liquidated, where longs accounted for roughly $2.50 million. OKX followed with an estimated $2.79 million in liquidations, and shorts there made up 51.59%.