How many liquidations hit crypto today?

TLDR

Roughly $500 million in crypto futures positions were liquidated in the past 24 hours today, with most of the losses coming from longs, according to a market update that tallies exchange data (about $496 million).

1. Reports cluster between $496M and $575M, reflecting different cutoffs and data sources ($575M cited here).
2. Ethereum (ETH) and Bitcoin (BTC) led todays liquidations, around $122M and $169M respectively (market update).
3. The largest single order was a BTC position of about $6.19M on Hyperliquid (social post).

Deep Dive

1. Total and Bias

The days liquidation tally is concentrated around the half?billion mark. One update puts total 24?hour liquidations at about $496M (market update), while another cites $575M, with most from long positions (analysis). These differences usually reflect snapshot timing, venue coverage, and how each source aggregates exchange feeds.

2. Who Took The Hit

Among majors, ETH and BTC drove the bulk of notional liquidations today. A widely?cited tally attributes roughly $169M (BTC) and $122M (ETH) to the days total (market update). Other reports on recent sessions similarly show ETH and BTC dominating the ledger when volatility spikes (analysis).

3. Single Biggest Prints

The largest individual liquidation print cited today was about $6.19M on a BTC position at Hyperliquid, highlighting how single large unwinds can punctuate a sessions total (social post). While single?order stats are anecdotal, they help illustrate concentration risk and how one forced exit can catalyze further stops.

Conclusion

Todays crypto futures liquidations sit around half a billion dollars, with longs bearing most of the losses and ETH and BTC accounting for the largest shares. The mix of elevated leverage and thin liquidity periods raises the odds of cascade risk. If volatility remains elevated, keep an eye on how long?short skew shifts and whether liquidations broaden beyond majors.