Cryptocurrency market liquidations amounted to $ 514 million per day

The cryptocurrency market has experienced a large-scale wave of liquidations over the past day. According to CoinGlass, positions worth more than $ 514 million were forced to close, of which $ 376 million were long trades. This indicates that traders were overly optimistic that prices would continue to rise before the market reversal. Three exchanges, Binance, Hyperliquid, and Bybit, which together accounted for 72% of all liquidations, took the brunt of the impact.

In total, more than 155,000 traders were affected. The largest single liquidation occurred on Hyperliquid, with a $ 23.18 million bitcoin position. Binance recorded $ 144.6 million in liquidations, of which 76% were long positions. On Hyperliquid, the figure was $ 115.8 million (83% long), and on Bybit, $ 109.3 million (72% long). The data demonstrates how one-sided the market was after bitcoin’s short-term recovery at the beginning of the week.

Analysts emphasize that although such events are accompanied by high volatility, they can have a positive effect on the market. The massive closure of long positions reduces speculative pressure, balances the supply and demand balance, and creates conditions for a more stable recovery if key technical levels remain intact.

The current wave of liquidations has become one of the largest in recent weeks. It has shown how quickly investor sentiment in the cryptocurrency sector can change, from expectations of further growth to forced exits under pressure from market dynamics.