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      $309 Million in Long Crypto Positions Liquidated Amid Market Volatility

      In a significant market event, approximately $309 million in long cryptocurrency positions were liquidated within a 24-hour period, primarily affecting traders on major exchanges such as Binance, OKX, Bybit, and Hyperliquid. This liquidation wave predominantly impacted bullish traders, with long positions accounting for the majority of the losses, consistent with the typical 70-80% skew observed during downturns in the crypto market.

      Bitcoin and Ethereum were the hardest hit, with daily liquidation totals for these cryptocurrencies ranging between $40 million and $80 million during periods of market stress. Smaller altcoins, including Solana, XRP, and DOGE, also contributed to the overall liquidation figures, which were tracked at approximately $306 million by CoinBoss and around $234 million by ByKaranteli.

      The mechanics of these liquidations stem from the use of leveraged trading on perpetual futures contracts, where traders post collateral known as margin. If the market price drops significantly, exchanges will force-close positions to mitigate further losses, resulting in increased sell pressure that can exacerbate market declines. September 2026 has already seen heightened volatility, with total liquidations on some days exceeding $600 million, indicating a turbulent trading environment.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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