Crypto Liquidations Reach About $476 Million in an Hour, Led by Longs

About $476 million in crypto derivatives positions were liquidated over a one-hour stretch, with long positions accounting for more than 95% of the total as the market moved lower.

The total included $457 million in longs and $18.2 million in shorts. Traders positioned for higher prices bore most of the forced exits.

Binance recorded about $292 million in liquidations, roughly 62% of the marketwide total. Bybit followed with $63.34 million, while Hyperliquid had $33.56 million.

Ether (ETH) accounted for about $199 million, and Bitcoin (BTC) for roughly $110 million. Together, the two assets made up more than 60% of the one-hour total.

Over the 24-hour period, liquidations reached $922 million and affected 174,600 traders. The largest single liquidation was a $12.03 million Binance BTCUSDT position.