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Hey, did you see the chaos that happened in the market over the last 24 hours? According to CoinGlass data, a total of no less than $826 million in cryptocurrencies was liquidated. That’s insane. Shorts took the biggest hit, with $661 million in forced liquidations, while longs had $166 million liquidated.
BTC was the big highlight, accumulating $375 million in liquidations, and ETH also took a heavy hit with $184 million. According to CoinGlass, more than 194,000 traders were caught in this wave. The craziest thing I saw was a single liquidation of $15.75 million in the BTC-USD pair on Hyperliquid — someone took a monumental hit there.
This kind of large-scale movement usually indicates high volatility and heavy leverage in the market. CoinGlass remains essential for tracking these data in real time. The crypto market really is a risky game.