How many liquidations hit the market?

TLDR

About $368 million of crypto derivatives positions were liquidated in the past 24 hours (UTC), per a recent market summary that tracks exchange-wide liquidations via ChainCatchers feed global liquidations.

1. Split in the latest 24 hours was roughly $112 million longs and $256 million shorts global liquidations.
2. On spike days last week, liquidations topped about $2 billion in 24 hours as Bitcoin (BTC) sold off nearly 2 billion liquidated.
3. At the peak, nearly $1 billion was wiped in a single hour during the drop below $82,000 %%CKPROTECTED0%%.

Deep Dive

1. Latest 24h Figure

The freshest snapshot shows approximately $368 million in total liquidations over the last 24 hours, with about $112 million from longs and $256 million from shorts. This suggests a modest net pressure on short positions during the latest session global liquidations.

2. Spike Days Last Week

During the sharp selloff late last week, total crypto liquidations reached roughly $1.9 to $2.2 billion in 24 hours as leverage unwound across majors like Bitcoin (BTC) and Ethereum (ETH) nearly 2 billion liquidated. At the most intense moment, about $1 billion was liquidated in a single hour as BTC dipped below $82,000 %%CKPROTECTED1%%.

3. Why It Matters

Liquidations are forced closures of leveraged positions. They amplify moves when open interest is elevated and thin out when leverage resets. Last week, open interest fell alongside the flush, signaling a leverage reset after the cascade leverage unwind context.

Conclusion

Liquidations in the last day are moderate compared with last weeks extreme, but the backdrop can change quickly. Watch the mix of open interest and intraday volatility for early signs of another cascade, and remember that liquidation spikes follow crowded leverage rather than steady spot flows.