Traders betting on crypto prices rising faced most of the forced closures in a $1.23 billion 24-hour tally, as long contracts made up $1.09 billion and short positions a much smaller share.
Long liquidations were about 7.6 times the $144 million recorded for shorts, a difference of roughly $945 million. The $1.09 billion and $144 million figures total $1.234 billion, which rounds to $1.23 billion; longs represented about 88% and shorts about 12%.
Bitcoin (BTC) accounted for $677 million in liquidations, while Ether (ETH) accounted for $191 million. Their $868 million combined total was about 70% of all closures; the largest individual forced close was a $31.1 million BTC-USD position on Hyperliquid.
At 10:50 p.m. ET Thursday (03:50 UTC Friday), the latest spot-market snapshot showed Bitcoin at $69,025, down 6.36% over 24 hours, and Ether at $1,948.96, down 5.04%. These prices were current as of 03:50 UTC.
An earlier EconoTimes tally of 24-hour liquidations recorded $622.6 million in closures across Binance, Bybit and OKX, with long positions making up about 91%.
