How many longs liquidated today?

TLDR

Roughly over $500 million of long positions were liquidated today (UTC) across crypto derivatives, based on 24-hour tallies where longs made up more than 87% of about $584 million total liquidations reported today.

1. Bitcoin and Ether led the wipeout, at about $174.3 million and $189 million in liquidations respectively today.
2. Estimates range up to nearly $600 million in long liquidations over 24 hours in some coverage today.
3. Around 181,893 traders were liquidated in the 24-hour window, mostly longs today.

Deep Dive

1. Longs Dominated

The bulk of forced unwinds came from bullish bets. Coverage today puts total liquidations at about $584 million over 24 hours, with more than 87% from longs, implying at least roughly $500 million in long-side liquidations today. Some outlets framed it as over $500 million in bullish bets wiped out today.

2. Where It Hit Most

Bitcoin (BTC) and Ether (ETH) accounted for the largest chunks, at about $174.3 million and $189 million respectively today. The largest single order was an $11.58 million BTCUSDT liquidation on Binance in the same 24-hour window today.

3. Why It Happened

There was no single dominant headline; positioning and liquidity were the drivers. Reports emphasized a market skewed to longs, thin conditions, and a mechanical clean-out of leverage today. Some analysis also tied the slide to macro jitters and a push below support, noting nearly $600 million in long liquidations over 24 hours today.

Conclusion

Todays liquidation wave was primarily a leverage reset on the long side, concentrated in BTC and ETH, with totals clearing the $500 million mark. The driver was positioning and liquidity rather than a single news shock, a setup that can repeat until leverage normalizes and spot demand improves.