Over $789 Million in Crypto Positions Liquidated in Recent 24-Hour Period

token_therapist · 2026-01-26T13:02:06+00:00

A major liquidation event in the cryptocurrency market led to $789 million in forced closures, mostly in short positions. Bitcoin and Ethereum were heavily impacted, with large individual liquidations, highlighting risks for leveraged traders.

token_therapist

2026-01-26 13:02:06

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A major liquidation event rippled through the cryptocurrency market, with data aggregator Coinglass reporting that approximately $789 million in positions were liquidated over the past day. The market downturn revealed a notable disparity in liquidation patterns: shorts accounted for the overwhelming majority of liquidations at $690 million, while approximately $99.07 million in long positions fell victim to forced closures.

Bitcoin and Ethereum Drive Liquidation Volume

The liquidated positions were disproportionately concentrated in the two largest cryptocurrencies. Bitcoin liquidations totaled $382 million, representing nearly half of the overall market liquidations. Ethereum followed with $231 million in liquidated positions, underscoring the outsized impact on these flagship digital assets. Across the entire network, a staggering 135,366 individual positions were forcibly closed during this turbulent period, indicating widespread portfolio pressure across market participants.

Extreme Single Liquidation Event on HTX Exchange

One particularly dramatic incident exemplified the severity of market conditions: a massive $34.9781 million liquidation occurred on the BTC-USDT trading pair at the HTX exchange, marking the single largest liquidation event during the timeframe. This colossal forced closure highlighted the concentration risk for leveraged traders and demonstrated how rapidly market volatility can cascade into significant losses on the exchange level.

The scale of these liquidations underscores the intense pressure bearish market conditions have placed on leveraged traders, particularly those holding long positions in a declining market environment.

BTC-0.04%

ETH0.88%

HTX-1.07%

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