Over $876M in long positions liquidated from crypto market in 24 hours
- —Total liquidations over 24 hours reached $876 million, with $718 million from longs
- —Longs made up 88–92% of all forced closures at the peak of the selloff
- —ETH liquidations ranged from $149 million to $265 million; BTC from $101 million to $212 million
- —The largest single casualty was a $25.83 million BTC-USDT long on Hyperliquid
Why it matters: The one-sided long flush shows the market was stuffed with leverage; a fast rebuild in open interest would raise the risk of another cascade.
Source: Crypto Briefing