$892M in Longs Wiped Out as Bitcoin Nears $80K

Leveraged traders lost $973M in positions over 24 hours, and longs took $892M of it (91.7%). About half hit in a single hour overnight, as ETH fell over 5% and BTC slid toward $80K. 182,685 traders were liquidated.

Binance carried 53% of the total, followed by Hyperliquid and Bybit. ETH led coins at $293M, ahead of BTC at $203M. The largest single order was a $12.03M BTC long on Binance, closed at $80,209. Data: CoinGlass.