Liquidations Reach $840 Million in a Single Day… Ethereum Positions Alone Amount to $170 Million

JOON HYOUNG LEE

Summary

It was reported that over the past 24 hours, positions worth $840 million were liquidated in the cryptocurrency futures market.
Among these, Ethereum (ETH) position liquidations totaled $168 million, with long (buy) positions alone amounting to $142.4 million.
Corporate demand for cryptocurrency purchases remains robust, and traders are closely watching the earnings reports of major tech companies and macroeconomic signals.

It has been reported that in the cryptocurrency futures market, positions worth $840 million (approximately ₩1.15 trillion) were liquidated over the past 24 hours.

The Block, citing CoinGlass data on the 24th (local time), reported, "Over the past 24 hours, there were liquidations amounting to $837 million in the cryptocurrency market." The Block stated, "Of the liquidation amount, Ethereum (ETH) accounted for $168 million," adding, "Of this, $142.4 million were long positions."

The amount of XRP long positions liquidated also reached $92.7 million. Liquidated Bitcoin long positions totaled $57.4 million. Seokmoon Jeong, head of the Presto Research Center, told The Block, "Corporate demand for cryptocurrency purchases remains strong," adding, "Traders are closely monitoring the earnings announcements of major tech companies and macroeconomic signals."

BTC

ETH

XRP