12-hour crypto liquidations hit $585M; BTC and ETH make up nearly 70%
AI Market Summary
CoinGlass data show ~$585M liquidations over 12 hours, dominated by ~$498M in longs, indicating a sharp risk-off flush and forced deleveraging. BTC (~$206M) and ETH (~$202M) comprised ~69.7% of liquidations, highlighting concentrated stress in majors. Near-term, reduced leverage can curb momentum but typically raises realized volatility and sensitivity to further price moves as positioning resets.
Impact level
● Medium
Affected assets
BTC/USDT-2.96%
AI Insight · BTC/USDTAI Insight
▼ Bearish
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Network-wide liquidations totaled $585 million over the past 12 hours, CoinGlass data cited by Odaily Planet Daily showed. Long positions accounted for $498 million, while shorts saw $86.4 million in liquidations. Bitcoin recorded $206 million in liquidations and Ether $202 million, together representing about 69.7% of the total.
