Data: Over the past 24 hours, total liquidations across the network amounted to $270 million, with long position liquidations at $134 million and short position liquidations at $135 million

2025-12-252025-12-23 by admin

ChainCatcher reports, according to Coinglass data, total liquidations across the network in the past 24 hours reached $270 million, with long position liquidations at $134 million and short position liquidations at $135 million. Among these, Bitcoin long position liquidations were $55.6914 million, Bitcoin short position liquidations were $51.7162 million, Ethereum long position liquidations were $33.5487 million, and Ethereum short position liquidations were $40.397 million.

Additionally, in the last 24 hours, a total of 107,479 traders were liquidated globally, with the largest single liquidation order occurring on Hyperliquid – BTC-USD, valued at $4.4339 million.

PANews reported on December 31 that Tom Lee, co-founder of Fundstrat and chairman of BitMine, wrote on the X platform: "Typically, during these last holiday trading sessions, many institutional investors exit the market, and algorithmic trading programs and bot trading programs begin to dominate the market, along with sell-offs for tax avoidance. These constitute the market dynamics in the last few days of December." Previously, in BitMine's announcement of acquiring 44,463 ETH last week, Tom Lee mentioned that market activity tends to slow down as the year enters its final weeks of holiday season. Year-end tax-avoidance selling depresses cryptocurrency and cryptocurrency-related stock prices, with this effect typically most pronounced between December 26th and December 30th; therefore, they are adjusting their market strategy accordingly. Earlier today, it was reported that Bitmine pledged another 118,944 ETH and increased its holdings by 32,938 ETH .