Over the past 24 hours, the total liquidation of cryptocurrency Futures Contract across the network reached $237 million, with Short positions liquidating $152 million and Longing positions liquidating $84.756 million.
Data from CoinAnk shows significant volatility in the Derivative market as leveraged positions were wiped out across the board, particularly in BTC and ETH within the same 24-hour timeframe.
- Cryptocurrency Derivative liquidation: $237 million in 24 hours.
- Short were liquidated for $152 million, Longing totaled $84.756 million.
- BTC $95.3725 million; ETH $57.4295 million.
Market-wide liquidation scale
Total liquidation of cryptocurrency Futures Contract across the network in the last 24 hours reached $237 million.
The liquidation structure leans towards Short positions: $152 million in Short positions compared to $84.756 million in Longing positions. This difference reflects the high level of risk associated with bearish bets within the recorded timeframe.
The data shows the forced closure of leveraged positions across multiple exchanges and markets, often occurring when rapid price fluctuations cause margin requirements to fail to meet maintenance needs. The proportion of Longing and Short positions liquidated is an important metric for monitoring market sentiment and the level of leverage overload.
BTC and ETH accounted for the majority of the liquidations.
BTC recorded $95.3725 million in liquidations, while ETH saw $57.4295 million in liquidations over the past 24 hours.
According to CoinAnk data, the two leading assets in liquidation were BTC and ETH, indicating a strong concentration of Derivative activity in large - cap cryptocurrencies. Total liquidation of BTC and ETH alone amounted to $152.802 million, representing a significant portion of the total market liquidation of $237 million.
This development is often accompanied by rapid position adjustments, especially when key price levels are breached or bounced back, triggering stop-loss orders and liquidation mechanisms in a chain reaction. Traders often monitor BTC and ETH liquidation clusters to assess the risk of spillovers to altcoins.
