Crypto Liquidations Hit $182M in 24h — Longs Suffer Majority Losses
Coinglass data shows roughly $182 million in crypto liquidations over the past 24 hours, with long positions accounting for about $121 million and shorts about $60.35 million. This represents a shift from an earlier report that recorded near-even liquidations (~$125M split roughly $60.7M longs / $64.26M shorts), indicating a later concentrated squeeze on bullish (long) derivatives. The higher long-side liquidations — about two-thirds of the total — point to concentrated margin pressure on leveraged long positions, raising the risk of continued downside moves and heightened volatility across major tokens. Traders should monitor open interest, funding rates and liquidity metrics closely: persistent long squeezes can amplify short-term selling pressure and force funding-rate adjustments, while risk managers may opt to lower leverage or rebalance hedges to reduce margin-call exposure.
Bearish
The consolidated reports show a clear increase in long-side liquidations, from an earlier near-even split to a later concentrated long squeeze. Heavy long liquidations typically indicate forced deleveraging of bullish positions, increasing short-term selling pressure and potentially driving prices lower. This tends to raise volatility and can alter funding-rate dynamics (higher funding costs for longs or flips in funding), prompting traders to reduce leverage or rebalance hedges. In the short term, the market is likely to be bearish as margin-driven selling dominates. In the medium to long term, effects depend on whether the liquidations exhaust buying pressure (allowing stabilization) or trigger further cascades; risk management and changes in open interest and funding rates will be key determinants.