Major exchanges reported in the last 24 hours a combined $1.19 billion in crypto liquidations across derivatives markets, according to data from CoinGlass and Hyperliquid. The bulk of the wipeout came from long positions, reflecting a sharp correction that caught over-leveraged traders off guard.
Bitcoin led the losses with $432.35 million liquidated, followed by Ethereum with $269.51 million. Solana registered $89.64 million, while assets grouped as āOthersā totaled $101.84 million. Mid-cap tokens like XRP ($27.74M) and HYPE ($26.71M) also saw heavy exposure. In total, 301,101 traders were affected, with the largest single liquidation hitting $20.42 million on the ETH-USD pair at Hyperliquid.
Despite the setback, pro-crypto analysts argue that mass liquidations can reset market structure and clear excessive leverageāoften preceding healthier rebounds. The dominance of liquidated longs ($916.76M vs. $268.40M in shorts) signals that bullish sentiment had overheated after last weekās decline. Markets are now watching whether buyers return as prices stabilize near key support zones and funding rates reset.
Fuente: https://www.coinglass.com/LiquidationData
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