TLDR
Around $1.0$1.2 billion in long positions were liquidated in the past 24 hours, depending on snapshot time, per multiple reports citing CoinGlass data (Yahoo Finance, Binance Square).
- Range: about $969 million longs (Yahoo) vs $1.205 billion longs (Binance Square).
- Largest single liquidation was a $44.29 million BTC-USDT order on HTX (Yahoo Finance).
- Roughly 237,000278,000 traders were liquidated (CoinGape, Binance Square).
Deep Dive
1. Magnitude
The best read is a range because outlets captured different rolling 24-hour windows. Yahoo Finance cites roughly $968$973 million in longs within a $1.1 billion total (Yahoo Finance). Binance Square, referencing TechFlow and CoinGlass, shows $1.205 billion in longs out of $1.362 billion total liquidations (Binance Square). CoinDesk also noted roughly $887 million in longs when its snapshot was taken (CoinDesk market update).
Treat today as a moving window. The exact figure shifts as new liquidations occur and sources cut the 24-hour window at different moments.
2. Largest Single
The biggest single forced close reported was a $44.29 million BTC-USDT long on HTX (Yahoo Finance). Long liquidations dominated across venues, with Bybit and Hyperliquid cited among exchanges seeing heavy long-side resets (CoinDesk market update).
Big single-ticket liquidations are a sign of leveraged stress. If funding remains positive and open interest rebuilds quickly, follow-on waves can happen.
3. Where It Hit
Reports suggest more than 85% of liquidations were longs, reflecting one-sided positioning that flipped as price fell (CoinDesk market update). The trader count liquidated ranges from about 237,000 to 278,102 across the last day (CoinGape report, Binance Square). Macro risk-off headlines also contributed to the speed of the move (CoinDesk market update).
Todays action was a classic long squeeze. If risk appetite remains weak, long-heavy positioning can keep amplifying downside swings.
Conclusion
Today saw a heavy long-side liquidation wave. The exact number depends on the cut, but multiple credible snapshots show roughly $1.0$1.2 billion in longs forced out. If leverage rebuilds while macro stays risk-off, another squeeze is possible.
Confidence: moderate because figures vary with snapshot timing and outlet methodology. Verify quickly by checking the latest rolling 24-hour liquidation total in the notice above.
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