Cryptocurrency market 24-hour liquidation wave heats up, with short positions suffering heavy losses

BrokenDAO · 2026-03-11T12:01:08+00:00

In the past 24 hours, the crypto derivatives market experienced forced liquidations of over 67,000 traders, with total liquidations reaching $66.6195 million. Among these, short positions accounted for over 60%, with more severe losses for bears. This liquidation included a single $893,600 settlement on the decentralized exchange Hyperliquid, indicating the market's risk tolerance limit.

BrokenDAO

2026-03-11 12:01:08

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According to on-chain data tracking platform Coinglass, the cryptocurrency derivatives market experienced a wave of forced liquidations in the past 24 hours, with over 67,000 traders’ positions being liquidated, totaling $66.62 million in liquidations. This wave of liquidations has distinct characteristics — $40.20 million worth of short positions were liquidated, far exceeding the $26.42 million in long position liquidations, indicating that bears suffered heavier losses.

Short Liquidation Dominates Over 60%, Indicating a Contrarian Signal

In this liquidation event, short positions accounted for over 60% of the total liquidations, suggesting that the market’s short sellers incurred significant losses during this rally. In comparison, long position liquidations were relatively smaller, but the proportion indicates a clear divergence in market sentiment about the future. This phenomenon often reflects a disagreement among market participants on the market’s direction at critical moments.

Single Liquidation Exceeds $890,000, Highlighting Derivatives Market Risks

Among the various liquidation events, the most extreme case occurred on decentralized derivatives exchange Hyperliquid, where the ORCL-USD trading pair recorded a single liquidation of $893,600. Such large liquidations typically indicate that leveraged positions could not withstand rapid price fluctuations, also highlighting the risk tolerance limits within the derivatives market.

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