Crypto▲ Bullish
Short Bets Took Two-Thirds of $39.9M in Crypto Liquidations
Shorts took 64% of $39.87M crypto liquidations while BTC and ETH barely moved; the skew leaves bearish leverage exposed to any upside drift.
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Short bets absorbed nearly two-thirds of the roughly $39.9M in crypto liquidations over the past 24 hours. Bitcoin and Ethereum, the two biggest digital assets, moved less than 0.2% in the same window; the damage ran through leveraged books instead.
CoinGlass data, recorded at 3:56 p.m. UTC on Aug. 9, put cumulative liquidations across its top 20 tracked instruments at $39.865M. The figures combine exchange-reported activity across the venues CoinGlass tracks. Long positions accounted for $14.27M. Shorts made up $25.59M, or 64.19% of the total.
Spot action stayed muted.
Bitcoin (BTC) traded near $65,138, up 0.19% in 24 hours, and Ethereum (ETH) sat at about $1,921, up 0.06%, per CoinMarketCap data. Solana (SOL) rose 1.48%, XRP (XRP) slipped 0.13%, Hyperliquid (HYPE) dropped 0.55% and Dogecoin (DOGE) fell 0.78%.
The liquidation table opened with Bitcoin at about $14.23M, 71% of that, roughly $10.04M, in shorts. Alone, Bitcoin carried about 36% of the total. The token's 0.19% spot gain was enough to close out those bearish books; forced short closure adds buy pressure, a loop that can feed the drift. Ethereum came next at $10.46M in liquidations, about 60% of it short. Solana cleared $3.85M, 86% of it short, after the token posted the day's best gain among the large caps listed. Zcash (ZEC) added $1.95M, 81% short.