Crypto market sees $182 million liquidated in a single day

Doohyun Hwang

Summary

Over the past 24 hours, $182 million in positions were forcibly liquidated in the crypto derivatives market.
Over the same period, $109 million in short positions and $72.5 million in long positions were liquidated, with losses heavier among short investors.
Liquidations occurred in Bitcoin and Ethereum, with $69.8 million in BTC long/short liquidations and $35.6 million in ETH long/short liquidations.

In the crypto (virtual asset) derivatives market, forced liquidations totaling $182 million were recorded over the past 24 hours. Losses were relatively larger among investors holding "short" positions that had bet on price declines.

According to Binance on the 20th (local time), over the past 24 hours in the global crypto market, $72.5 million in long (buy) positions and $109 million in short (sell) positions were forcibly liquidated.

By major cryptoassets, liquidations were concentrated in bellwether Bitcoin (BTC). Bitcoin saw $24.5 million liquidated from long positions and $45.3 million from short positions. For the leading altcoin Ethereum (ETH), liquidations came in at $17.5 million for long positions and $18.1 million for short positions, indicating similar damage on both the buying and selling sides.

During this period, the number of investors forcibly liquidated worldwide totaled 80,609. The largest single liquidation occurred on crypto exchange Bybit in the Bitcoin–Tether (BTCUSDT) trading pair, with the liquidation amount confirmed at $2.03 million.

BTC

ETH