A one-hour tally Thursday put crypto derivatives liquidations at $629 million, with $607 million tied to positions betting on price gains. The hour accounted for roughly two-thirds of a $953 million total reported across 24 hours.
Bitcoin (BTC) had $190 million in liquidations, the highest total among the three assets listed. Ether (ETH) followed at $157 million, with Solana (SOL) at $46.81 million. Bitcoin's total was $33 million above Ether's and more than four times Solana's. The largest single closure was an $11.09 million BTCUSDT position on Binance.
Short positions accounted for $21.74 million of the hourly tally. Long positions made up about 97% of the one-hour total, based on the reported figures.
At 5:04 p.m. ET (21:04 UTC), Bitcoin traded at $78,924, down 2.91% over 24 hours. Ether was at $2,259.63, down 4.29%, while Solana traded at $96.27, down 6.10%.
