More than $4.66 billion in leveraged crypto positions were wiped out over the past 24 hours, underscoring how quickly risk can unwind even as benchmark prices grind higher. The wave of liquidations points to a market still heavily positioned on both sides—where rallies can trigger abrupt short-covering while pullbacks punish late longs.
According to Coinglass data, total liquidations over the last day reached approximately $4.6658 billion, split between $2.4277 billion in long liquidations and $2.2381 billion in short liquidations. Longs accounted for about 52% of the total, indicating that… Read more
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