24h crypto liquidations surge amid volatility as BTC and ETH lead
In the past 24 hours, crypto liquidations spiked as derivatives liquidations initially hit $1.15bn—with $983m in short positions and $163m in longs—and a later report showed $550m in contract liquidations dominated by $423m in long liquidations and $128m in shorts. Bitcoin led the liquidation volumes at $485m and $168m across reports, followed by Ethereum at $256m and $144m. These crypto liquidations reflect extreme market volatility and the risks of leveraged trading. Traders should monitor liquidation data, open interest and price movements to manage risk, as sudden clusters of liquidations can trigger short squeezes or cascading sell-offs, influencing BTC and ETH price swings.
Neutral
The news reports mixed liquidation signals: an initial $983m short liquidation surge that could trigger a short squeeze and bullish momentum, followed by $423m in long liquidations indicating increased downside pressure. Such contradictory developments balance out, creating uncertainty in price direction for BTC and ETH. Traders may see short-term swings but lack a clear trend, suggesting a neutral impact overall.