Bitcoin liquidation at the $7,000 level, surge in forced network settlements in the past 24 hours

CascadingDipBuyer · 2026-01-28T13:13:41+00:00

The cryptocurrency market is experiencing significant forced liquidations, particularly in long positions, with $84.2 million liquidated in the last 24 hours. This indicates increasing volatility and highlights major losses among buyers, particularly in Ethereum and altcoins.

CascadingDipBuyer

2026-01-28 13:13:41

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Large-scale position liquidations are occurring frequently in the cryptocurrency market. According to data aggregation firm CoinAnk, a total of $84,225,200 in forced liquidations happened across all cryptocurrency futures contracts in the past 24 hours. This signals increased market volatility.

Long Position Liquidations Dominate

The characteristic of this liquidation volume is the prominent clearing of buy positions. Long position liquidations accounted for approximately 60%, totaling $50,949,000, while short position liquidations reached only $33,276,200. This indicates that during the recent market downturn, buying pressure experienced greater losses.

Analysis of Major Coin Liquidation Volumes

In the case of Bitcoin, $3,467,000 was liquidated in the past 24 hours, while Ethereum saw about 2.7 times more, with $9,446,400 liquidated. Notably, large-scale liquidations around the $7,000 level in Ethereum have accumulated, accelerating volatility in the altcoin market.

Signal of Market Changes

These large-scale liquidation events suggest that the market is testing important technical resistance levels. As short-term traders realize losses and leverage positions are liquidated in succession, volatility is further heightened.

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