How much did long liquidations spike?

TLDR

Long liquidations jumped into the hundreds of millions this week. In 24 hours, totals reached about $514 million with roughly $376 million from longs, and intraday spikes topped $200 million in about an hour.

1. 24h wipeout: $514 million total, with longs at $376 million. report
2. Another session: $573 million 24h, including $486 million from longs. market update
3. Intraday bursts: over $200 million in about an hour, with $100 million in five minutes. coverage

Deep Dive

1. 24h Totals

The largest long-dominated reset cited this week showed about $514 million liquidated in 24 hours, with roughly $376 million from longs as positioning flipped after a brief rebound. This was one of the biggest leverage clears in weeks and involved more than 155,000 accounts. market recap Analysts framed it as a classic leverage flush after elevated funding and rising open interest. analysis

2. Another Day, Similar Pattern

On a separate day, liquidations totaled about $573 million over 24 hours, with long positions making up about $486 million as prices slipped across majors. That mix highlights how positioning remained one sided into the downturn, concentrating pain on leveraged longs. market update

3. Intraday Spikes

Within the day, the tape showed very fast bursts. One episode cleared over $200 million in a little more than an hour, including a report of $100 million in long liquidations in five minutes during the drop. This kind of clustering is typical when stops are layered tightly in leveraged markets. coverage At the single-trade level, the biggest order during the week-long shakeout was around $23.18 million on a BTC perpetual venue, a reminder that large liquidations can accelerate follow-on selling. exchange tally

Conclusion

Long liquidations spiked from hundreds of millions over 24 hours to more than $200 million in roughly an hour at peak, driven by crowded long positioning and thin liquidity pockets. If leverage continues to reset, markets can stabilize, but clustered stops and funding swings mean intraday volatility could remain elevated in the near term.