Crypto Liquidations Top $1B as Bitcoin Hits 2026 Low of $59K
By
Terence Zimwara
Summary
Cryptocurrency liquidations exceeded $1 billion in 24 hours after bitcoin dropped to $59,018, its lowest level in 2026. Leveraged long positions bore the brunt with $781 million liquidated, compared to $218 million in shorts. Over 176,000 traders were liquidated, with bitcoin alone accounting for $413 million in liquidations. The data highlights significant market stress and the pressure on leveraged long traders as crypto prices continue to decline.
Source
bskyCrypto Liquidations Top $1B as Bitcoin Hits 2026 Low of $59Knews.bitcoin.comKey quotes
· 4 pulledTotal cryptocurrency liquidations topped $1 billion in a 24-hour period, driven by bitcoin plunging to a 2026 low of $59,018.
Market data as of 3 a.m. EST showed that $781 million in leveraged long positions had been liquidated in 24 hours, compared with $218 million in shorts.
A total of 176,694 traders were liquidated, and $12.21 million was the largest single liquidation order.
Liquidations on bitcoin alone reached $413 million.
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