Bitcoin (BTC) positions accounted for $901 million of $1.622 billion in crypto liquidations over a 24-hour period, with the heavily one-sided tally pointing to a sharp washout of bullish leverage across the market. The figures were timestamped at 12:59 a.m. ET Friday (05:59 UTC).
Long positions made up $1.458 billion, while short positions accounted for $164 million. Long liquidations therefore represented about 90% of the total and were nearly nine times the amount for shorts, showing that most forced closures affected traders positioned for prices to rise.
Bitcoin accounted for about 56% of the marketwide figure. Ether (ETH) liquidations reached $248 million, the second-largest asset total in the tally. Combined, the two assets made up $1.149 billion, or about 71% of all liquidations.
The breakdown shows a broad market unwind concentrated in BTC and ETH, with long-side closures outweighing short-side liquidations by a wide margin. The figures offer a one-day measure of forced position closures across crypto markets, and BTC alone made up more than half of the dollar total.
Enna Lee
Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to [email protected].
