Crypto Liquidations Hit $289 Million as Long Positions Dominate Market Flush

Roughly $289.69 million in leveraged crypto positions were liquidated over the past 24 hours, underscoring how quickly volatility can still cascade through derivatives markets even as spot prices appear relatively stable.

According to CoinGlass data, liquidations were skewed toward bullish bets: about $178.90 million (61.85%) came from ‘long’ positions, while $110.79 million (38.15%) were ‘short’ positions. A long-heavy wipeout typically suggests that a downside move—or a sharp intraday pullback—caught crowded positioning off guard, forcing exchanges to close positions as margin requirements…  Read more

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