31-7-2025 – The cryptocurrency market saw $268 million in contract liquidations over the past 24 hours, with short positions bearing the brunt at $204 million compared to $63.71 million for long positions, according to data from Coinglass. Bitcoin (BTC) accounted for $29.11 million of the total, while Ethereum (ETH) saw $60.09 million in liquidations, reflecting intense market volatility.
The heavy liquidation of short positions suggests traders betting against price increases were caught off guard by sudden market movements. Bitcoin, trading above $95,400 after a 2.6% weekly gain, and Ethereum, up 8.29% in the same period, have shown resilience despite the liquidations. The data highlights the risks of leveraged trading in a market sensitive to macroeconomic signals and regulatory developments, such as the U.S. government’s recent Bitcoin transfers, which have sparked debate over potential sales.
Exchanges like Binance, OKX, and Bybit reported significant liquidation activity, with Binance alone seeing $222 million in liquidations earlier this month. Analysts warn that high open interest and shifting trader sentiment from shorts to longs could amplify volatility, especially if Bitcoin fails to break key resistance levels like $120,000 or Ethereum tests $4,000.
