Crypto Long Liquidations Reach $179 Million in One Hour

Crypto traders had $179 million in long positions liquidated in a single hour Tuesday, putting leveraged bets on rising prices at the center of the latest market turbulence.

Liquidations across long and short positions totaled about $269 million over the preceding 24 hours. The one-hour long tally was roughly two-thirds of that wider total, showing the scale of forced closures within a much shorter window. The periods overlap, so the figures cannot be added together.

Bitcoin (BTC) traded near $74,500 and Ether (ETH) around $2,115 during the market move. Those prices were approximate snapshots; the liquidation figures cover positions across crypto assets.

A long position is a trade set up to gain if an asset’s price rises. When a leveraged trade moves against its holder, the position can be closed if the funds backing it no longer meet margin requirements. More than $1 billion in leveraged positions was liquidated earlier this week, placing Tuesday’s hour within a period of repeated forced closures.