$238 million worth of positions were liquidated in the cryptocurrency futures market over the past 24 hours, with long positions dominating

TokenRationEater · 2026-01-21T10:53:50+00:00

In the last 24 hours, the cryptocurrency futures market experienced a significant liquidation event, with a total of $238 million in contracts being liquidated, predominantly from long positions. Bitcoin and Ethereum accounted for about 60% of these liquidations, reflecting a shift in market sentiment.

TokenRationEater

2026-01-21 10:53:50

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The cryptocurrency futures market experienced a large-scale liquidation event in the past 24 hours. According to data from CoinAnk reported by PANews on January 21, the total futures contract liquidation across the entire network reached $238 million, with long positions accounting for an overwhelming majority.

Liquidation Trend Focused on Long Positions

This liquidation shows a bias toward a specific position direction. The liquidation amount of long positions was $144 million, accounting for approximately 60% of the total liquidation. Meanwhile, the liquidation of short positions was only $94.32 million, which is believed to be mainly due to short squeeze liquidations during a period of strong buying pressure. This asymmetric liquidation pattern reflects changes in market participants’ sentiment.

Liquidation Scale of Bitcoin and Ethereum

Among major cryptocurrencies, Bitcoin (BTC) experienced the largest liquidation pressure. The total liquidation amount for BTC was $113 million, accounting for about 47% of the total. Ethereum (ETH) followed closely, with a liquidation total reaching $33.9568 million. The fact that these two assets account for approximately 60% of the total liquidation suggests concentrated profit-taking and stop-loss selling in large-cap currencies.

Market participants are closely watching how this liquidation event will influence future volatility.

BTC-0,03%

ETH-1,22%

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