How much were crypto liquidations today?

TLDR

About $388 million was liquidated across crypto in the past 24 hours (as of 03 Jan, UTC), based on tracker summaries shared today on X.

1. Largest single order was an $18.75 million ETH liquidation on Hyperliquid, per the post above.
2. Daily tallies vary by cutoff, with recent prints ranging from $124 million to $390 million (Binance Square, The Defiant).

Deep Dive

1. Todays Total

The latest 24-hour estimate is roughly $387.66 million in liquidations, with the largest single order a $18.75 million ETH position on Hyperliquid, as shared in the post above. This past 24 hours framing is rolling and can shift with the update window and venue coverage.

2. Long vs Short Mix

Mix often flips with price direction. In the latest squeeze window, a 4-hour snapshot showed shorts comprised about 88% of liquidations, signaling a short-heavy flush during a bounce (X post). Earlier in the week, another read had 24-hour liquidations around $209 million with over $170 million in shorts during a rebound (TradingView news).

3. Why It Matters

Liquidations are the mechanical unwinding of leveraged positions. Elevated totals signal a leverage reset, which can either clear the path for stabilizing price action or amplify volatility if depth is thin. Recent daily counts ranged from $124 million to $390 million depending on the cutoff window and market impulse (Binance Square, The Defiant).

Conclusion

Todays picture points to roughly $388 million liquidated over the past day, with an outsized ETH order on Hyperliquid noted in the post above. Totals swing with the clock and pricing action, so focus on trend and long-short mix to assess whether leverage is being rebuilt or flushed, and how that could affect near-term volatility.