Over the past 24 hours, market-wide contract liquidations totaled $1.233 billion, including $1.089 billion in long liquidations and about $144 million in short liquidations, covering BTC, ETH and large Hyperliquid liquidations.
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Over the past 24 hours, the market-wide contract market recorded $1.233 billion in liquidations, of which long liquidations were $1.089 billion, accounting for about 88.3% of the total, while short liquidations were about $144 million. The liquidation scope covered BTC, ETH and large Hyperliquid liquidations, reflecting that long positions bore the main liquidation pressure during severe market volatility. Current disclosures focus on the total amount and directional structure and do not yet provide a breakdown by asset or platform. Further disclosure of liquidation details and whether the long/short liquidation structure continues are worth watching.
News Body
Latest statistics from the market-wide contract market show that liquidations over the past 24 hours reached $1.233 billion. The data covers BTC, ETH and large Hyperliquid liquidations and comes amid severe market volatility. In terms of directional structure, long liquidations were $1.089 billion, significantly higher than short liquidations, and became the main component of this round of liquidations. Compared with the total, long liquidations accounted for nearly 90%, while short liquidations were significantly lower.
Long liquidations of $1.089 billion account for nearly 90%
Based on a breakdown of disclosed data, long liquidations were $1.089 billion, accounting for about 88.3% of the $1.233 billion total liquidation amount. By difference, short liquidations were about $144 million, accounting for about 11.7% of the total. The long liquidation amount was about 7.6 times that of short liquidations, with the long-to-short liquidation ratio close to 9:1. This structure indicates that within the statistical window, the forced liquidation volume of long positions was much higher than that of shorts. This structure is the clearest directional fact in the data and provides a direct reference for observing position distribution during market volatility. It should be noted that the available information does not disclose the specific allocation of long and short liquidations among BTC, ETH and Hyperliquid.
Liquidation scope covers BTC, ETH and large Hyperliquid liquidations
This liquidation data does not point only to a single asset or a single platform. Disclosed information shows that BTC, ETH and large Hyperliquid liquidations were all included in the statistical scope. Among them, BTC and ETH were explicitly listed as covered, while Hyperliquid-related large liquidations were mentioned separately. Because the available material does not provide liquidation amounts by asset, individual liquidation size or specific time points, it is not possible to further compare the relative contribution of different assets and platforms in this round of liquidations. What can be confirmed is that liquidation activity covered the above scope and that large liquidation records appeared.
Long/short imbalance under $1.233 billion total
The market-wide liquidation amount of $1.233 billion coincided with severe market volatility. Long liquidations reached $1.089 billion, meaning that during the statistical period the long side bore more than $1 billion in liquidations; short liquidations were about $144 million, which, although smaller, also formed part of total liquidations. Judging from the data, this round of liquidations was not balanced between the two directions but clearly skewed toward longs. For the contract market, this structure means total liquidations were driven more by long liquidations. The total can also be checked internally by adding longs and shorts: $1.089 billion plus about $144 million corresponds to $1.233 billion.
Data disclosure still needs refinement
The currently available information focuses on three levels: first, the 24-hour market-wide liquidation total was $1.233 billion; second, long liquidations were $1.089 billion and short liquidations about $144 million; third, the liquidation scope covered BTC, ETH and large Hyperliquid liquidations. In addition, current disclosures do not provide the number of liquidated traders, specific contract types, distribution across exchanges, the timeline of liquidations, or the individual size of large Hyperliquid liquidations. These gaps mean that currently only the total amount and directional structure can be confirmed, and no further quantitative judgment can be made on the degree of impact on individual assets or platforms. For the market, the confirmed fact is that long liquidations accounted for the overwhelming majority of total liquidations.
Watch liquidation details and structural changes
Items worth watching include whether liquidation details related to BTC, ETH and Hyperliquid are further disclosed, whether the long/short liquidation ratio changes, and how the market-wide liquidation total updates in the next statistical window. Based on the available facts, this round of data has confirmed that long liquidations accounted for the overwhelming majority and that liquidations covered BTC, ETH and large Hyperliquid liquidations. Market participants can continue to track public data for supplementary information on asset and platform distribution, but should not make excessive inferences about the impact on a single asset or platform when granular data is missing. The data described in this article are limited to the disclosed 24-hour market-wide liquidation statistics.