TokenPost.ai
Crypto derivatives traders saw a fresh wave of forced liquidations over the past day, with losses concentrated on bearish bets as Bitcoin (BTC) and Ethereum (ETH) held a mild upward bias. The data points to 'short squeeze' dynamics rather than a broad risk-off shock, while pockets of leverage appeared to build in smaller, more thematic tokens.
Across 16 major assets tracked by ticker—including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), BNB (BNB), Dogecoin (DOGE), XRP (XRP), Pepe (PEPE), Toncoin (TON), dogwifhat (WIF), TRON (TRX), Shiba Inu (SHIB), Avalanche (AVAX), Sui (SUI), Fetch.ai (FET), Aptos (APT), and Ondo (ONDO)—total liquidations over the past 24 hours reached about $26.3 million, according to CoinGlass. Long liquidations accounted for roughly $8.23 million, while short liquidations totaled about $18.07 million, meaning shorts represented approximately 68.7% of the wipeout.
That imbalance suggests the market’s incremental climb over the period was enough to pressure leveraged downside positioning. Liquidations occur when traders cannot meet margin requirements, prompting exchanges to forcibly close positions—often amplifying short-term moves as forced buying or selling hits order books.
In the most recent four-hour window, total liquidations rose to about $15.4 million, again skewed toward shorts. CoinGlass data showed roughly $5.81 million in longs liquidated versus about $9.59 million in shorts, putting the short share at 62.25%.
By venue, Binance led the liquidation tally with around $8.73 million—56.69% of the four-hour total—with shorts making up about $5.43 million (62.17%). OKX followed at about $1.7 million with a 67.54% short share, while Bybit posted roughly $1.56 million and a comparatively balanced split, with shorts at 53.5%. Gate registered about $1.35 million with shorts near 69.95%, and Bitget saw around $990,000 with shorts at 64.91%. HTX was an outlier: liquidation volume was small at roughly $190,000, but longs comprised 74.24%.
On an asset basis, Bitcoin (BTC) posted the largest liquidation footprint. BTC traded around $66,473, up about 0.17% over 24 hours, while cumulative liquidations reached roughly $13.99 million—more than any other tracked major. Short liquidations totaled about $8.52 million versus $5.47 million for longs; even on a one-hour view, shorts (~$4.57 million) exceeded longs (~$3.11 million), underscoring how quickly bearish leverage was being unwound.