8-5-2025 – In a dramatic turn of events across digital asset markets, short positions faced a substantial clearing, with traders witnessing more than $410 million in short-order liquidations during the latest 24-hour period, according to fresh data from Coinglass.
The market’s leading cryptocurrencies bore the brunt of this sweeping liquidation event. Bitcoin-linked positions saw $194 million wiped out, whilst Ethereum-related trades accounted for $144 million of the clearances.
The day’s trading activity revealed a notably lopsided pattern, with bearish positions taking the heaviest blow. Whilst short-side liquidations dominated the landscape, long positions experienced relatively modest losses of $81.9 million.
Altogether, the crypto derivatives market recorded combined liquidations reaching $492 million, marking one of the more significant clearing events in recent trading sessions.
