Crypto Liquidations Hit $374M as Bitcoin Swings Trigger Long Wipeout and Short Squeeze

Sharp price swings across crypto derivatives markets triggered a wave of forced liquidations during the past 24 hours. Data from the derivatives tracker Coinglass shows that 115,781 traders lost positions as volatility ravaged major assets. As per market insights, total exchange liquidations reached a jaw-dropping $374.23 million. Bitcoin and Ether, ever the overachievers, account for most of the carnage.


