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>>Crypto liquidations spark a $213 million shock, annihilating ETH and BTC long positions within 24 hours

Crypto liquidations spark a $213 million shock, annihilating ETH and BTC long positions within 24 hours

crypthub

4 days ago

Liquidation Overview

In the past 24 hours crypto perpetual futures saw $213 million in forced liquidations. The majority were long positions, with Ethereum losing $114 million (≈93% long), Bitcoin $73.8 million (≈91% long) and Solana $25.2 million (≈81% long). Sharp price drops triggered automatic closures across exchanges. The event highlights a rapid bearish shift affecting leveraged buyers.

Why Longs Were Hit

Long positions suffered because leverage magnifies losses when prices fall, exhausting collateral quickly. The cascade of sales can deepen declines, creating a feedback loop. A high long‑short imbalance is a clear signal of sentiment‑driven correction.

Risk Management Strategies

Traders can mitigate future storms by using modest leverage, placing stop‑loss orders, and monitoring funding rates for crowded longs. Maintaining adequate margin and following a risk plan reduces exposure to sudden wipes. Understanding liquidation mechanics helps preserve capital during volatile swings.

Crypto liquidations spark a $213 million shock, annihilating ETH and BTC long positions within 24 hours

Liquidation Overview

Why Longs Were Hit

Risk Management Strategies

Crypto liquidations spark a $213 million shock, annihilating ETH and BTC long positions within 24 hours