1 month ago
8
The imbalance shows how the advance turned into a short-covering event. BTC and ETH futures accounted for $2.55 billion of the reported liquidations combined, while the largest single order was a $48.80 million BTC-USD liquidation on Hyperliquid.
Key Takeaways
- Shorts accounted for 91.6% of liquidations.
- BTC and ETH represented $2.55B combined.
- The latest four hours saw just $29.12M.
- Recent liquidations shifted back toward long positions.
$2.74B in short positions were forced closed
Liquidation is the forced closure of a leveraged derivatives position when its margin can no longer cover losses. For a short position, closing usually requires buying the asset or contract back. Large clusters of short liquidations can therefore add buying pressure during an upward move.
That mechanism dominated the 24-hour reading. Shorts made up about 91.6% of reported liquidations, leaving long liquidations at less than one-tenth of the total. The figures describe the notional value of positions that exchanges closed; they do not equal every trad...
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