Shorts torched for $379M as $466M vanishes in a single hour

A violent squeeze tore through crypto markets Wednesday morning. In just one hour through 10:21 a.m. ET, $466 million worth of positions got force-closed, according to tokenpost.com.

Shorts took the beating. Roughly $379 million of that hourly total came from short liquidations versus $87.016 million on the long side — an 81.3% share that made the short burn about 4.4 times the size of the long one.

That single hour did almost half a day's damage. The 60-minute burst equaled roughly 52% of the entire 24-hour liquidation total, which landed at $903 million across 115,731 traders.

Zoom out and the split shifts. Over the full day, shorts gave up $548 million and longs $355 million, putting the short-side share near 61% — about 21 percentage points below the hourly reading, since the one-hour window sits inside that broader 24-hour stretch.

The biggest casualty in the data: a single position worth about $38 million on HTX's Ether (ETH)-USDT pair.

The concentration cuts both ways. Hourly short liquidations represented about 69% of the day's short total, while the hourly long figure was only around 24% of its daily counterpart — meaning the pain on the short side was packed into a very tight window.