How many liquidations hit markets today?

TLDR

Roughly $1.0 billion of crypto futures positions were liquidated in the past 24 hours (today, UTC), according to multiple reports. See a market update.

1. About 70% were longs, roughly $720 million, per a media report.
2. More than 180,000 traders were impacted, based on a separate report.
3. The largest single liquidation was near $96.5 million on Hyperliquid, per the report above.

Deep Dive

1. 24h Total

The latest tallies cluster around $1.0 billion in liquidations over the past day, reflecting a continued deleveraging phase. One update cites $1.03 billion with 190,000+ traders affected in the same window, underscoring scale and breadth of impact (market update). Separate coverage also frames the day as a billion?dollar liquidation session across majors like BTC, ETH, SOL, and others (coverage).

2. Long Versus Short

Most of todays forced unwinds were long positions. One breakdown shows roughly $726 million of longs versus $308 million of shorts, near 70% long share (market update). The single largest forced close was a BTC position around $96.51 million on Hyperliquid, highlighting concentration risk when volatility spikes (same report above).

3. Why It Happened

Macro positioning and tighter financial conditions have been pressuring risk assets, with hawkish rate expectations and ETF outflows cited alongside thin liquidity. Analysts framed the latest move as part of a broader capitulation phase after BTC slipped through key psychological levels, with 24h liquidations exceeding $1 billion again (analysis). Additional coverage ties the session to a market drawdown affecting majors and sustaining a deleveraging loop (coverage).

Conclusion

Todays tally near $1.0 billion signals the market is still in a high?leverage, high?volatility regime. If macro pressure persists and liquidity stays thin, long?heavy liquidations can repeat. Watch for improving breadth and calmer ETF flows to indicate stabilization before leverage rebuilds.