Futures position liquidations in the past 24 hours have reached a record high, with $1900 long liquidations having a significant impact

A major liquidation event has been recorded in the cryptocurrency market. Over the past 24 hours, liquidation activity of futures contracts across the entire network has surged, attracting industry attention. According to data from CoinAnk reported by PAnews on December 13, the total liquidation amount on that day reached an astonishing scale.

$236 million in liquidations concentrated across the entire crypto market

The total liquidation amount that occurred in these 24 hours amounts to $236 million. Of this, liquidations related to long positions (buy orders) overwhelmingly dominate, with liquidations including amounts of $1,900 and more occurring frequently. The liquidation amount for long positions reached $196 million, accounting for over 83% of the total. Meanwhile, the liquidation amount for short positions (sell orders) was smaller, totaling $40.4638 million.

Clear disparity between longs and shorts, Bitcoin and Ethereum leading

Looking at the liquidation status of major cryptocurrencies, Bitcoin (BTC) had a total liquidation of $50.0469 million, while Ethereum (ETH) had a total liquidation of $85.1719 million. The fact that ETH surpassed BTC in liquidation amount reflects differences in position structures among market participants. The liquidation trend driven by long positions suggests that the market’s bullish outlook has temporarily adjusted, which could influence future market trends.