Bullish

Crypto Liquidations Hit $219M as Shorts Dominate 70% of Total Wiped Out

2026-08-04 16:30

Global liquidations reached $219M in 24 hours, with short positions accounting for $153M. BTC and ETH shorts led the purge, while Aster saw a $24.37M single event.

Woofun AI data shows that total crypto market liquidations amounted to $219 million over the past 24 hours. Short positions comprised the majority of this volume at $153 million, significantly outweighing long position liquidations of $66.4 million.

Bitcoin shorts accounted for $60.454 million, while Ethereum shorts totaled $37.4281 million. Long liquidations were distributed between Bitcoin at $8.419 million and Ethereum at $8.3471 million. Globally, 59,561 traders were liquidated, with the largest single event occurring on Aster for ETHUSDT, valued at $24.3703 million.

WOOFUN AI

Impact Assessment · Quick Read

The heavy skew toward short liquidations suggests a sharp upward price movement or short squeeze across major assets. The dominance of BTC and ETH in these figures indicates broad market participation rather than isolated altcoin volatility. The significant single liquidation on Aster highlights potential liquidity concentration risks on specific derivatives venues during rapid price shifts.

Generated by WOOFUN AI · For reference only, not investment advice