How much did crypto liquidations total?

TLDR

Over the past 24 hours, crypto derivatives liquidations totaled about $600 million.

1. Reports ranged from about $550 million to over $630 million depending on the hour and venue, per CoinGlass-quoted updates ($550M, >$630M).
2. Longs made up the majority of the wipeout during the latest downdraft, per a market wrap citing CoinGlass data (longs dominated).
3. Bitcoin (BTC) and Ethereum (ETH) led by notional size during the larger waves this week as markets whipsawed.

Deep Dive

1. 24h Total

The best single-line answer is about $600 million because multiple reputable updates in the last day show a band. One recap tallied roughly $550 million in 24h liquidations as BTC tested $85,000 (Yahoo Finance update). Another noted 24h liquidations exceeding $630 million as volatility spiked around macro headlines (Cointelegraph recap).

These figures shift intraday as positions are forcibly closed. Treat them as the right order of magnitude rather than a precise fixed value.

2. Long vs Short

The most recent heavy flush skewed toward long liquidations. One market wrap put longs near $487 million of a roughly $582 million 24h total, implying most pain was on the bullish side as prices broke supports (The Defiant wrap). A separate update on a prior wave found a similar pattern with long-heavy liquidations (CoinDesk note).

Skews can flip during relief rallies, but the latest stress leg was primarily a long squeeze.

3. Leaders By Asset

BTC and ETH typically anchor the notional totals. In a recent leg, ETHs liquidations even exceeded BTCs, with estimates around $233.5 million for ETH versus $184.8 million for BTC as volatility accelerated (market recap). In other windows, BTC led the board as it probed key levels and pulled broader risk lower.

Leadership tends to rotate between BTC and ETH depending on where leverage concentrates before the move.

Conclusion

In the latest 24 hours, crypto liquidation totals sat around $600 million, with longs bearing most of the damage and BTC and ETH contributing the largest shares. The takeaway is simple. When leverage builds near key levels, forced unwinds can cascade quickly, so monitor positioning skew and volatility to avoid being on the wrong side of the squeeze.