$1.35 Billion Crypto Liquidations Hit Market as Long Positions Unwind

Crypto markets saw a sharp wave of forced deleveraging over the past 24 hours, with roughly $1.351 billion in leveraged positions liquidated as prices for major assets weakened in tandem. The wipeout was heavily skewed toward bullish bets—around $1.073 billion in ‘long’ liquidations versus about $278.7 million in ‘short’ liquidations—suggesting a broad unwind of upside positioning as momentum turned lower.

The liquidation burst highlights how quickly leverage can amplify moves in a market still dominated by perp-driven trading. When spot prices slide, overextended long positions can be…  Read more

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