How much crypto liquidations today?

TLDR

About $330 million of crypto derivatives were liquidated in the past 24 hours, around the level reported as $331 million.

1. Long liquidations were about $205 million and shorts about $127 million per the report above.
2. That is down from the $600 million-plus wave seen yesterday, per a market update.
3. The largest single wipeout was roughly $5.25 million on Hyperliquids BTC-USD, per the notice above.

Deep Dive

1. Todays Size

The latest 24-hour tally sits near $330 million, consistent with the $331 million figure reported for today. This suggests a calmer derivatives tape versus the prior session where forced closes were much heavier per the report above.

2. Change Versus Yesterday

Multiple outlets tracked a sharp spike yesterday, with liquidations in the $600 million-plus range as leverage was flushed across major venues, including longs dominating the mix in early Asia trading per a coverage summary. Todays drop back toward ~$330 million suggests positioning has partially reset and volatility cooled.

1. Yesterdays wave was reported at $600640 million across sources, with longs making up most of the total per the market update linked above.
2. Todays lower total implies fewer positions hit margin triggers, reducing cascade risk versus Mondays drawdown.
3. The distribution between long and short liquidations today still shows longs leading but at smaller absolute size, per the notice above.

3. Position Split And Single Largest

Reports show roughly $205 million of longs and $127 million of shorts liquidated today, indicating bullish side pressure still exceeded bearish side but with reduced magnitude. The largest single liquidation was about $5.25 million on Hyperliquids BTC-USD pair, signaling concentrated risk events are smaller than yesterdays peaks per the notice above.

1. Todays split implies lingering long exposure but not the outsized crowded conditions seen yesterday.
2. The single largest event size is modest by comparison, suggesting fewer oversized levered bets being unwound.
3. If spot volatility rises again, these totals can climb quickly as margin thresholds get hit.

Conclusion

Liquidations today are near $330 million, far below yesterdays $600 million-plus flush, indicating leverage has moderated and forced selling eased. If volatility remains contained and funding stays balanced, this cooling should support more orderly price action; renewed sharp moves could quickly push liquidations higher again.