Bitcoin Longs Blow Up as $901M in BTC Liquidations Rock Crypto

Bitcoin positions accounted for $901 million of the $1.622 billion in crypto liquidations recorded over a 24-hour window, a figure timestamped 12:59 a.m. ET Friday (05:59 UTC). That puts BTC at roughly 56% of the entire marketwide total, per tokenpost.com.

The damage leaned hard to one side. Long positions made up $1.458 billion of the wipeout while shorts accounted for just $164 million, meaning long liquidations were about 90% of the total and nearly nine times the short-side number. Traders betting on higher prices were the ones getting dragged out.

Ether was the second-biggest casualty. ETH liquidations reached $248 million, and combined with Bitcoin the two assets added up to $1.149 billion, or about 71% of all forced closures. The rest of the market split the remaining slice.

The one-sided tally points to a broad unwind concentrated in the two largest assets, with leveraged bulls carrying the weight of the selloff. It's a single-day snapshot of forced position closures, and more than half of the dollar damage landed on Bitcoin alone.