Crypto Liquidations Cross $1 Billion Mark: Short Squeeze or Bearish Market Begin?
Photo: U.Today
Over the last 24 hours, cryptocurrency traders have collectively lost more than $1 billion. CoinGlass reports $1.09 billion in liquidations , with 181,077 traders wiped out. Hyperliquid saw the largest single order, an ETH position worth $19.98 million. The key point is who got hit: long traders lost $930.54 million, approximately 85% of the total, while shorts lost only $161.85 million. This event was driven primarily by leveraged buyers, not by a short squeeze. The history chart shows the magnitude of the event. The latest daily bar exceeds $1.2 billion and is composed mainly of long positions.
Source: U.Today
