Within 24 Hours, Over $615 Million Wiped Out in Crypto Liquidations

The cryptocurrency market has experienced significant volatility in recent trading sessions, with liquidation data painting a dramatic picture of the ongoing price swings.

According to information tracked by Coinglass, the digital asset space saw $615 million in liquidations across a single 24-hour window. What’s particularly striking about this figure is how unevenly distributed the pain has been across market participants.

Short positions took the larger hit, with $325 million in liquidations, while those holding long positions saw $290 million worth of their positions forcibly closed. This imbalance reveals interesting dynamics about market sentiment during the period—despite aggressive shorting activity, bullish traders sustained nearly half the damage.

The data underscores how cryptocurrency markets remain highly leveraged environments where rapid price movements can trigger cascading liquidations. Whether this represents a temporary market correction or signals deeper shifts in positioning remains a question market participants are actively watching.