Cryptocurrency futures markets recorded $86.99 million in total liquidations over the past 24 hours, with long positions bearing the brunt at $52.92 million compared to $34.08 million in short-side wipeouts, according to CoinGlass data.
Bitcoin accounted for $13.79 million in liquidated contracts, while Ethereum saw $12.73 million in forced closures. The largest single liquidation event occurred on Hyperliquid's XPL-USD perpetual market, wiping out $1.68 million in a single trade.
Crypto Futures Liquidations Hit $87M in 24 Hours as Longs Take Heaviest Losses
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.