Crypto liquidations total $154 million

Crypto derivatives liquidations totaled about $154 million over the latest 24-hour trading session, according to CoinGlass data cited by crypto exchange WEEX on Wednesday. WEEX said $102 million of the total came from long positions and $51.624 million from short positions. CoinGlass’ public liquidation dashboard showed a similar 24-hour total on Wednesday, indicating that most forced closures during the period hit traders betting on price gains. ### What does a $154 million liquidation figure actually measure? CoinGlass tracks forced position closures across crypto derivatives venues when traders can no longer meet margin requirements. In practice, that means an exchange closes a leveraged position after market moves erode the collateral backing it. CoinGlass describes its liquidation data as real-time market information covering exchanges including Binance, BitMEX, OKX and Bybit. (coinglass.com) The 24-hour figure is not a measure of total spot-market losses. The number reflects derivatives positions that were forcibly closed, and it can rise or fall quickly as prices move and exchanges update their data. CoinGlass’ dashboard on Wednesday showed 73,423 traders liquidated over 24 hours, with longs making up the larger share of the losses. ### Why were long positions hit harder than shorts? WEEX said $102 million in long positions were liquidated, compared with $51.624 million in shorts. (coinglass.com) CoinGlass’ dashboard later on Wednesday showed roughly $100.59 million in long liquidations and $58.74 million in shorts, a difference that reflects how the rolling 24-hour window changes over time. Benzinga reported that more than $150 million had been liquidated over the past 24 hours as Bitcoin traded between about $76,000 and $77,000 and Ethereum briefly fell below $2,100 before recovering. (coinglass.com) That kind of price weakness tends to pressure leveraged bullish bets first because long traders are exposed when prices fall. ### Which assets were driving the liquidation totals? CoinGlass’ market page showed Bitcoin with about $93.50 million in 24-hour liquidations and Ethereum with about $84.62 million on Wednesday, making them the largest contributors on the dashboard at the time it was crawled. Other tokens, including Solana, XRP and Dogecoin, showed much smaller liquidation totals by comparison. The same CoinGlass page showed Bitcoin trading at about $76,844.80 and Ethereum at about $2,116.41 when the data was captured. (msn.com) Benzinga separately reported weakness in XRP and Dogecoin during the same stretch. ### Why do the totals differ slightly between sources? WEEX attributed its figures to CoinGlass and described them as covering the past 24 hours. CoinGlass’ own dashboard is a rolling measure, which means totals can change from minute to minute as older liquidations fall out of the window and new ones are added. (coinglass.com) The difference between WEEX’s cited $154 million and CoinGlass’ later displayed $159.33 million is consistent with that rolling methodology. (coinglass.com) Benzinga also cited a rounded figure of more than $150 million, rather than a fixed end-of-day tally. ### Where can traders watch the next moves? CoinGlass continued to update its liquidation dashboard on May 20 with one-hour, four-hour, 12-hour and 24-hour totals. The site also maintained separate pages for Bitcoin-specific liquidations and broader derivatives data, including open interest and exchange-level breakdowns. (coinglass.com) On Wednesday, the most immediate next data points were the live 24-hour liquidation totals and price moves in Bitcoin and Ethereum, which remained the largest components on CoinGlass’ dashboard. (coinglass.com) WEEX’s post cited CoinGlass for the session snapshot, while CoinGlass’ own pages continued to refresh throughout the day.