Quick Take: Ethereum Liquidations Lead as Longs Get Hit Hard in Over $300M Wipeout

Ethereum (ETH) led the liquidation charts as more than $302.76 million (₱17.3 billion) was wiped out from the crypto market in the past 24 hours, with long positions bearing the brunt of the losses.

Quick Take delivers key facts fast—concise, clear, and easy to read. Perfect for busy readers.

Key Details:

• Total liquidations: $302.76 million liquidated across 127,615 traders.
• Largest single liquidation: Occurred on OKX for an ETH-USDT swap worth $3.95 million.
• Top Liquidated Assets:
  • ETH: $60.01 million
  • BTC: $11.83 million
  • XRP: $6.40 million
  • SOL: $4.32 million
  • DOGE: $2.78 million

Longs Dominate Liquidations

• Long positions accounted for $242.16 million (80%) of the liquidations, compared to $60.61 million from short positions.
• In the past four hours alone, $132.43 million in longs were wiped out, with Bybit, Binance and Gate.io contributing the most.

Exchange Breakdown:

• Bybit: $53.15 million liquidations (98.04% long)
• Binance: $30.57 million liquidations (91.62% long)
• Gate.io: $24 million liquidations (94.95% long)
• HTX: $15.16 million liquidations (94.75% long)
• OKX: $13.57 million liquidations (91.36% long)

DeFi Liquidations Increase as ETH Drops Below $1,920

ETH’s price plunged by 5.20% to $1,916, which triggers liquidations across DeFi platforms. Collateral-backed loans on DeFi protocols are at heightened risk, with data from DefiLlama showing over $330 million in assets at risk of liquidation if ETH continues its downward trend.

Real-Time Liquidations:

Prominent altcoins also saw significant liquidations, including:

• DOGE-USDT: $3.82 million liquidated
• ADA-USDT: $1.49 million liquidated
• AVAX-USDT: $673.69K liquidated

This article is published on BitPinas: Quick Take: Ethereum Liquidations Lead as Longs Get Hit Hard in $302M Wipeout

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