Crypto Leverage Market Sees 68,004 Traders Liquidated in a Day—$187.8M Wiped Out, 58% Shorts

Over the past 24 hours, approximately $130.3 million (KRW 187.8 billion) in leveraged crypto positions have been liquidated, affecting 68,004 traders who saw their positions forcibly closed.

Among the total liquidations, long positions accounted for $54.77 million, while short positions made up $75.53 million (58%). On a 12-hour timeframe, $71.27 million was liquidated (54% longs), and in the past 4 hours, $19.98 million was wiped out (51% longs).

The largest liquidations occurred in Ethereum (ETH), with $23.66 million (18%) worth of positions closed, of which $14 million (59%) were shorts. Bitcoin (BTC) followed closely, with $20.27 million (16%) in liquidations, where shorts accounted for 49%. Other notable liquidations included miscellaneous altcoins ($16.26 million, longs) and Solana (SOL) ($11.29 million, longs).

The biggest single liquidation took place in the ETHUSDT market, where a BTCUSDT position worth $2 million (approximately KRW 2.88 billion) was wiped out. Among exchanges, Binance led with $49.33 million in liquidations (57.56% shorts), followed by OKX ($33.35 million, 62.69% shorts) and Bybit ($28.33 million, 51.36% shorts).

As of 7:55 AM on February 20, Bitcoin is trading at $96,450 (+1.28%), while Ethereum has climbed to $2,712 (+2.09%), showing an overall upward trend in the market.

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