Overnight selling pushed bitcoin close to $75,000, while CoinGlass recorded $1.25 billion in liquidations during the past 24 hours.

Liquidation breakdown

Most losses occurred among traders who bet on price appreciation; longs accounted for the large majority of forced exits during the move.

• $1.11 billion of liquidated positions were longs, representing almost 89% of the total.
• $143 million of liquidations fell on short positions, comprising the remaining portion of the reported amount.

Trading context

The sharp protocol of liquidations reflects elevated leverage and concentrated directional bets in derivatives markets, according to available data from CoinGlass.

Price pressure occurred during a session of intensified selling, with margin calls and automated stop-outs amplifying intraday volatility across exchanges.

Data attribution

CoinGlass is cited as the source for the 24-hour liquidation figures and the long/short split; market participants and platforms can report differing estimates.