Bears wrong-footed as crypto rally triggers $928.8M in liquidations; shorts account for $767.3M
AI Market Summary
A sharp upside move triggered ~$928.8M in 24h crypto liquidations, with shorts absorbing ~$767.3M versus ~$161.4M in longs (Coinglass). Bitcoin accounted for the largest forced unwind (~$503.2M), followed by ETH (~$201.7M), affecting ~130k traders. The squeeze suggests crowded bearish positioning was reset, typically amplifying near-term volatility and tightening liquidity as leverage is reduced.
Impact level
● High
Affected assets
BTC/USDT+7.16%
AI Insight · BTC/USDTAI Insight
▲ Bullish
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A sharp move higher across crypto markets sparked widespread liquidations over the past 24 hours, wiping out $928.8M in leveraged positions. Short positions absorbed $767.3M of the total, more than four times the $161.4M in long liquidations, according to data from @coinglass_com.
bitcoin:native recorded the largest forced unwinds at $503.2M, followed by $ETH at $201.7M. In all, 130,256 traders were liquidated.
