In the past 24 hours, total contract liquidations across the network reached $367 million, with longs dominating
According to CoinGlass data, in the past 24 hours, total contract liquidations across the cryptocurrency market reached $367 million, including $283 million in long liquidations and $84.1366 million in short liquidations. Total BTC liquidations amounted to $111 million, and total ETH liquidations amounted to $96.0157 million. The largest single liquidation order occurred on Binance-ETHUSDT, valued at $11.9947 million.
Total crypto contract liquidations hit $367M in 24h, with longs accounting for $283M, meaning leveraged bullish positions were forcibly closed in a cascade. This forced unwinding adds direct sell pressure and signals fragile risk appetite, so BTC and ETH face short-term downside risk. Yet such a flush also clears excess leverage, so the signal is short-term bearish (medium).