The Cryptocurrency Market Experiences a Day of Massive Liquidations

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In a context of marked volatility, the cryptocurrency market experienced a significant purge in the last 24 hours. According to Coinglass, positions worth $532 million were closed globally, revealing a notable imbalance between bullish and bearish traders.

Breakdown of Positions: Where It Hurts the Most

Long positions were the most affected, with $403 million in liquidations, while shorts suffered $128 million in forced closures. This disparity reflects the severe punishment received by those betting on the rise.

Bitcoin led the carnage with $139 million in long liquidations and $37.52 million in shorts. Ethereum was not far behind, recording $129 million in closed long positions and $52.24 million in shorts.

The Human Cost: 153,680 Traders Liquidated

The scale of the event is evident in the number of affected participants: more than 153,680 people faced liquidations simultaneously. Among them, the extreme case at Hyperliquid stands out, where a BTC-USD position was liquidated for $23.18 million, marking the largest individual impact of the day.

These numbers highlight the intensity of market swings and the vulnerability of those operating with high leverage in this ecosystem.

BTC-1,69%
ETH-2,48%
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