How much were short liquidations?

TLDR

Over the past 24 hours, short liquidations were about $457 million worldwide, led by Bitcoin and Ethereum according to Coinglass via a market update.

1. One hour yesterday saw roughly $140 million in shorts wiped during a sharp rebound reported in a market note.
2. Late last weeks BTC bounce triggered $241 million in short liquidations in 24 hours per a trading desk summary.
3. The mix can flip; on Dec 1, longs took most losses (~$535M vs ~$73M shorts) per a 24h roundup.

Deep Dive

1. Latest Reading

The most recent 24-hour tally shows short liquidations near $457 million, with Bitcoin contributing $224 million and Ethereum $94 million as summarized in a market update.

This aligns with a broader derivatives reset during the rebound, where forced closes on short positions added mechanical buy pressure and amplified the move.

2. Intraday Spikes

During the rebound on Dec 2, shorts were hit hard within a single hour, with roughly $140 million liquidated versus about $3 million in longs noted in a market piece.

Short-liquidation clusters often sit just above key levels; when breakouts occur, margin calls cascade into forced buying.

3. Variability By Day

Liquidation composition flips with market direction. On Dec 1, total liquidations were ~$608 million, mostly longs (~$535M) with shorts around $73M per a 24-hour wrap. Conversely, on Nov 27 a BTC retest of $90K triggered $241 million in short liquidations in 24 hours according to a trading firm recap.

Day-to-day swings reflect positioning and leverage. Short squeezes follow a feedback loop: breakout, margin calls, liquidations, momentum.

Conclusion

Short liquidations this week ranged from $241 million during last weeks BTC bounce to about $457 million in the latest 24-hour window. Intraday bursts (near $140 million) highlight how leverage and key levels drive rapid squeezes. For risk management, watch leverage, open interest, and nearby liquidation clusters to anticipate where forced flows could accelerate moves.