TLDR
About $368 million of crypto positions were liquidated in the past 24 hours, a relatively low tally versus last weeks spikes reported today.
- Down sharply from nearly $2 billion during the Nov 21 selloff covered here.
- Todays mix skewed toward shorts ($256M) over longs ($112M) per the same update above.
Deep Dive
1. Todays Total
The latest 24-hour liquidation figure is about $368 million, indicating a calmer tape compared with recent extremes. This snapshot aggregates across venues and pairs, and reflects activity up to early today (UTC) per a market update published today.
2. Versus Last Week
The market saw a much larger wipeout late last week, with nearly $2 billion in forced unwinds over 24 hours as prices slid and leverage reset. That scale is documented in a Friday wrap noting $1.91 billion. Todays smaller print suggests the cascade has eased for now.
If liquidation totals stay subdued versus last week, it points to less forced selling and a gradual normalization of leverage. Spikes can return quickly around macro or crypto-specific catalysts.
3. Side Mix And Implications
Todays tally showed more short liquidations ($256M) than longs ($112M), hinting at choppy price action catching late shorts, rather than a one-way capitulation, based on the same marketplace summary above. Tallies vary by source and the exact 24-hour clock window, so treat figures as directional.
A shorts-skewed mix often accompanies intraday rebounds. For positioning, watch whether the ratio flips back toward long unwinds on down moves.
Conclusion
Liquidations today are far below last weeks ~$2 billion spike, with about $368 million in the past 24 hours and a shorts-heavy mix. That points to a calmer, chop-prone market as leverage resets, though totals can jump quickly around headlines or options events.
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