TokenPost.ai
Crypto derivatives traders saw another bout of forced position unwinds over the past day, with liquidation data pointing to a choppy, two-way market rather than a clean trend. While the 24-hour tally leaned slightly toward long-side pain, shorter time windows showed a clear burst of short liquidations—typical of a brief rebound that catches bearish leverage offside.
According to CoinGlass data, roughly $3.93 million in leveraged positions were liquidated across major crypto tickers over the last 24 hours. Long liquidations totaled about $2.14 million versus $1.79 million in shorts, meaning longs made up approximately 54.5% of the total. Even with longs leading on the day, the balance shifted intraday, with short liquidations becoming more prominent during the latest upswing.
That short squeeze dynamic was most visible in the most recent four-hour window. Excluding Bitfinex, exchange-by-exchange liquidations reached about $17.47 million, with short liquidations accounting for $10.69 million, or 61.15% of the total. The data suggests that as prices bounced, traders positioned for downside were forced to close, adding incremental buy pressure.
Binance led the four-hour liquidation stack with approximately $8.33 million—47.68% of the total—of which 58.91% came from shorts. Bybit followed with $2.65 million (15.16%), OKX with $2.46 million (14.05%), Bitget with $1.58 million (9.06%), and Gate with $1.12 million (6.4%). Smaller venues showed even sharper directional skews: Hyperliquid’s liquidations were about 80.31% short-side, while Aster recorded 82.17% in short liquidations, reinforcing the view that bearish leverage was crowded during the rebound. In contrast, HTX was long-heavy at 70.62%, and BitMEX registered an extreme tilt with effectively 99.99% of liquidations on the long side—highlighting how positioning and client flow can vary materially by exchange.
As usual, Bitcoin (BTC) and Ethereum (ETH) sat at the center of liquidation activity. Bitcoin traded around $118,711, up 0.5% over 24 hours. Liquidations were relatively balanced on shorter intervals—roughly $37,000 in longs and $36,900 in shorts over the past hour—while the four-hour window saw about $80,700 in long liquidations versus $73,300 in shorts. Over 24 hours, Bitcoin logged about $692,900 in long liquidations and $662,000 in shorts, the largest cumulative total among major assets in the ticker-based breakdown. Separately, CoinGlass’ liquidation heatmap data showed Bitcoin leading with about $142.56 million in 24-hour liquidations, underscoring how the deepest markets still generate the most forced flows when leverage is elevated.