Almost $200 million in liquidations across the entire network in the past 24 hours, with Ethereum short positions under the most pressure

2025-12-20 08:38:10

【BiTu】The recent 24 hours have been quite turbulent. According to Coinglass data, the total liquidation amount across the entire network in the past 24 hours reached $194 million, including $72.7265 million in long liquidations and $121 million in short liquidations — indicating that shorts faced significantly more pressure.

Specifically, for mainstream cryptocurrencies, Bitcoin long liquidations amounted to $33.8366 million, while short liquidations reached $35.0116 million, roughly balanced on both sides. In contrast, Ethereum’s situation was different, with long liquidations at $14.2629 million and short liquidations at $37.8974 million, with losses for shorts being more than 2.6 times those for longs.

In terms of the number of traders affected, it’s also quite grim — a total of 85,081 people were liquidated in this 24-hour period. The largest single liquidation occurred on a certain derivatives platform’s ETH-USD contract, with a liquidation amount of $9.6377 million, which is quite impressive.

This wave of market activity truly tests traders’ risk management capabilities.

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NestedFox

· 2025-12-23 06:26

Short positions have been hit hard again, I really don't understand this wave of ETH's trend, an order of nearly 10 million dollars just disappeared, it makes my hands shake.

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AirdropHermit