Crypto longs get crushed as $305M in positions liquidate in one hour
Crypto markets bled about $305 million in liquidations in the hour ending 10:04 a.m. ET Thursday, and longs paid nearly all of it. Long positions accounted for $287 million of the damage, more than 16 times the short side. Bitcoin and Ether together made up roughly 44% of the total.
Roughly $305 million in crypto positions got wiped out in a single hour Thursday, and the wreckage was almost entirely on one side of the trade. Long liquidations hit $287 million, according to tokenpost.com, while shorts accounted for just $17.52 million. Add it up and you get $304.52 million — the same picture as the rounded market-wide number.
The lopsided split is the story. Longs outweighed shorts by more than 16 to 1 in that window, which ended at 10:04 a.m. ET, or 15:04 UTC. Longs profit when prices climb and shorts profit when they fall, so a wipeout this one-sided means leveraged bulls got caught leaning the wrong way.
Bitcoin took the biggest single hit at $89.01 million, about 29% of the total. Ether followed with $43.80 million, roughly 14%. Together the two majors made up about 44% of the damage.
That leaves around $172 million spread across everything else — altcoins and smaller tokens that rarely make headlines but still carry plenty of leverage. The one-hour snapshot is only a slice of forced closures, and it shows where the pain landed: squarely on traders betting on higher prices.
TopicsBitcoin · Ether · BTC · ETH
Source: tokenpost.com
Written by Paparazzi with AI. Not financial advice.