Crypto Liquidations Hit $420 Million as Volatility Wipes Out Leveraged Longs

Roughly $420 million in leveraged crypto positions were liquidated over the past 24 hours, underscoring another spike in volatility that continues to flush out crowded trades across major exchanges.

Data aggregated by CoinGlass showed long liquidations dominating the move: about $284.38 million, or 67.7% of the total, came from bullish bets. Short liquidations accounted for roughly $135.40 million, or 32.3%, suggesting the sharpest price action initially moved against overexposed longs.

In the most recent four-hour window, Binance led exchange-level liquidations with about $4.0…  Read more

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