According to the latest data from CoinGlass, the cryptocurrency market witnessed heavy volatility over the past 24 hours, leading to total liquidations exceeding $124 million. The majority of losses came from Bitcoin and Ethereum traders, who were caught off-guard by sudden market price swings.
Out of the total liquidations, long positions accounted for approximately $89 million, while short positions saw nearly $35 million wiped out. Bitcoin alone recorded around $16.09 million in long liquidations and $18.08 million in short losses, reflecting intense price movement during the period.
Ethereum traders also faced significant pressure, with $9.26 million in long positions liquidated, alongside $6.98 million in short positions. Overall, more than 106,000 traders were liquidated globally, highlighting the impact of rapid market fluctuations.
One of the biggest single liquidation events occurred on Hyperliquid’s BTC-USDT trading pair, resulting in a massive $3.53 million loss from a single position.
Analysts note that these liquidations demonstrate how quickly crypto market sentiment can shift, reminding traders of the importance of risk management, stop-loss placement, and cautious leverage usage.
