{"id":12286,"date":"2026-08-24T09:52:15","date_gmt":"2026-08-24T09:52:15","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=12286"},"modified":"2026-08-24T09:52:15","modified_gmt":"2026-08-24T09:52:15","slug":"bitcoin-long-liquidations-hit-38-7-million-as-leverage-clears","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=12286","title":{"rendered":"Bitcoin long liquidations hit $38.7 million as leverage clears"},"content":{"rendered":"<p><\/p>\n<div data-single-article-content=\"\">\n<p>Bitcoin\u2019s rally squeezed short sellers last the week. By Sunday, the reversal was hitting leveraged longs.<\/p>\n<p>At about 07:00 UTC on Aug. 23, CoinGlass showed $101.39 million of crypto long positions liquidated over four hours, almost 86% of the window\u2019s $118.13 million total. The 24-hour view put long liquidations at $250.57 million out of $339.73 million.<\/p>\n<div class=\"cs-article-embed\">\n<p> <span class=\"cs-article-embed__related-reading\">Related Reading<\/span><\/p>\n<h3 class=\"cs-article-embed__title\">Bitcoin blasts past $72,000 as Trump, Treasury buybacks wipe out $3.1B in shorts<\/h3>\n<\/p>\n<p> <span class=\"cs-article-embed__arrow\" aria-hidden=\"true\"> <i class=\"fa-light fa-arrow-up-right\"\/> <\/span> <\/div>\n<h2>Bitcoin liquidations hit leveraged longs<\/h2>\n<p>Bitcoin contributed $38.66 million of the four-hour long liquidations and $55.82 million over 24 hours. At the time, BTC traded near $76,088, down about 1.8% over the preceding day after approaching $80,000 during the earlier rally. Since then, Bitcoin has recovered slightly to near $77,300.<\/p>\n<p>The liquidation mix confirms a sharp change in who was being forced out. The positioning data, however, showed leverage shrinking during the pullback.<\/p>\n<h2>Open interest falls during the pullback<\/h2>\n<p>CoinGlass placed aggregate Bitcoin futures open interest near $54.54 billion, down 2.65% over 24 hours. Major perpetual funding rates were generally near the 0.01% baseline, while the aggregate account long-short ratio stood at 0.9238. A market already reloading with crowded longs would typically show expanding open interest and richer funding; this capture showed restrained positioning on both measures.<\/p>\n<div class=\"cs-article-embed\">\n<p> <span class=\"cs-article-embed__related-reading\">Related Reading<\/span><\/p>\n<h3 class=\"cs-article-embed__title\">Bitcoin crashed and flushed leverage out, but is the bottom here yet?<\/h3>\n<\/p>\n<p> <span class=\"cs-article-embed__arrow\" aria-hidden=\"true\"> <i class=\"fa-light fa-arrow-up-right\"\/> <\/span> <\/div>\n<p> <img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter wp-image-557297\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/08\/exec-d78f7db3-8fae-4b5b-b91e-00c5fb4429d4.png\" alt=\"Bitcoin weekend leverage reversal showing four-hour and 24-hour long liquidation shares and post-flush positioning metrics from an Aug. 23 CoinGlass snapshot\" width=\"720\" height=\"900\"\/><img decoding=\"async\" class=\"lazyload aligncenter wp-image-557297\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/08\/exec-d78f7db3-8fae-4b5b-b91e-00c5fb4429d4.png\" alt=\"Bitcoin weekend leverage reversal showing four-hour and 24-hour long liquidation shares and post-flush positioning metrics from an Aug. 23 CoinGlass snapshot\" width=\"720\" height=\"900\"\/><\/p>\n<aside id=\"cs-inline-newsletter-1\" class=\"cs-inline-newsletter\" data-inline-newsletter=\"\" data-newsletter-placement=\"article-midpoint\" data-newsletter-pending-label=\"Joining\u2026\" data-newsletter-pending-status=\"Joining the Daily Brief\u2026\" data-newsletter-email-required-message=\"Before sending, please provide your email address.\" aria-labelledby=\"cs-inline-newsletter-1-title\" aria-describedby=\"cs-inline-newsletter-1-copy\">\n<div class=\"cs-inline-newsletter__inner\">\n<div class=\"cs-inline-newsletter__content\"> <span class=\"cs-inline-newsletter__eyebrow\"> <i class=\"fa-regular fa-envelope\" aria-hidden=\"true\"\/> The Daily Brief <\/span><\/p>\n<h2 id=\"cs-inline-newsletter-1-title\" class=\"cs-inline-newsletter__title\">The signal, before the noise.<\/h2>\n<p id=\"cs-inline-newsletter-1-copy\" class=\"cs-inline-newsletter__copy\">Start your day with the crypto stories moving markets, decoded by CryptoSlate\u2019s editors.<\/p>\n<\/div>\n<div class=\"cs-inline-newsletter__form-shell\">\n<p class=\"cs-inline-newsletter__form-heading\">One email. Everything that matters.<\/p>\n<p id=\"cs-inline-newsletter-1-privacy\" class=\"cs-inline-newsletter__privacy\">Free to join. Unsubscribe any time.<\/p>\n<p> <i class=\"fa-regular fa-circle-xmark\" aria-hidden=\"true\"\/> <span>Whoops, looks like there was a problem. Please try again.<\/span><\/p>\n<p> <i class=\"fa-regular fa-circle-check\" aria-hidden=\"true\"\/> <span><strong>You\u2019re on the list.<\/strong> Your next Daily Brief is on its way.<\/span><\/p>\n<\/div>\n<\/div>\n<\/aside>\n<p>The washout was also broader than Bitcoin. Binance accounted for $65.02 million of all crypto liquidations over four hours, including $58.64 million in longs. The largest single order shown over 24 hours was an $11.72 million ETHUSDT liquidation on Binance.<\/p>\n<p>The earlier short squeeze carries several totals tied to different windows. CoinGlass said on Aug. 20 that $3.07 billion in crypto shorts had been liquidated \u201ctoday,\u201d without defining exact start and end times. Its live historical table separately listed a $2.99 billion event dated Aug. 19, while CryptoSlate\u2019s prior coverage and the Associated Press used broader figures above $4 billion. Direct comparison would turn different scopes into one misleading record total.<\/p>\n<p>Spot ETF demand provides a counterweight to a derivatives-only explanation.<\/p>\n<h2>ETF inflows offer a spot-market counterweight<\/h2>\n<p>Farside Investors recorded five consecutive sessions of US spot Bitcoin ETF inflows through Friday, including $307.5 million on Aug. 21, before the creation channel closed for the weekend. The timing leaves long liquidations and thinner weekend spot support entangled.<\/p>\n<div class=\"cs-article-embed\">\n<p> <span class=\"cs-article-embed__related-reading\">Related Reading<\/span><\/p>\n<h3 class=\"cs-article-embed__title\">Bitcoin hits $80,000&#8217;s doorstep just as the ETF bid disappears for the weekend<\/h3>\n<\/p>\n<p> <span class=\"cs-article-embed__arrow\" aria-hidden=\"true\"> <i class=\"fa-light fa-arrow-up-right\"\/> <\/span> <\/div>\n<p>The Aug. 23 snapshot therefore captures a long flush already reducing open interest. Evidence of the next crowded long trade would have to emerge in a later expansion of leverage, funding or both. Until then, the live data describes a cleanup of existing risk, with Monday\u2019s reopened ETF channel providing the next spot-demand test.<\/p>\n<\/div>\n<p>Derivatives,Featured,Liquidations,Market,Trading,Binance,Bitcoin,BTC,ETFBinance,Bitcoin,BTC,ETF#Bitcoin #long #liquidations #hit #million #leverage #clears1787565135<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin\u2019s rally squeezed short sellers last the week. By Sunday, the reversal was hitting leveraged longs. At about 07:00 UTC on Aug. 23, CoinGlass showed $101.39 million of crypto long positions liquidated over four hours, almost 86% of the window\u2019s $118.13 million total. The 24-hour view put long liquidations at $250.57 million out of $339.73<\/p>\n","protected":false},"author":1,"featured_media":12287,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[361,91,285,1971,231,114,549,1256,546,406],"class_list":["post-12286","post","type-post","status-publish","format-standard","has-post-thumbnail","category-ethereum","tag-binance","tag-bitcoin","tag-btc","tag-clears","tag-etf","tag-hit","tag-leverage","tag-liquidations","tag-long","tag-million"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.6 (Yoast SEO v26.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin long liquidations hit $38.7 million as leverage clears - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"description\" content=\"Bitcoin open interest fell 2.65% as funding stayed near baseline, suggesting leverage cleared rather than longs rebuilt after the rally.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=12286\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin long liquidations hit $38.7 million as leverage clears\" \/>\n<meta property=\"og:description\" content=\"Bitcoin open interest fell 2.65% as funding stayed near baseline, suggesting leverage cleared rather than longs rebuilt after the rally.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptonews.uk.com\/?p=12286\" \/>\n<meta property=\"og:site_name\" content=\"Crypto News: Latest Cryptocurrency News and Analysis\" \/>\n<meta property=\"article:published_time\" content=\"2026-08-24T09:52:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/08\/bitcoin-liquidation-wave.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"\u884c\u653f\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"\u884c\u653f\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=12286\",\"url\":\"https:\/\/cryptonews.uk.com\/?p=12286\",\"name\":\"Bitcoin long liquidations hit $38.7 million as leverage clears - Crypto News: Latest Cryptocurrency News and Analysis\",\"isPartOf\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=12286#primaryimage\"},\"image\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=12286#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/08\/bitcoin-liquidation-wave.jpg\",\"datePublished\":\"2026-08-24T09:52:15+00:00\",\"author\":{\"@id\":\"https:\/\/cryptonews.uk.com\/#\/schema\/person\/822778c5844e0d16d43dce6630f4f1bf\"},\"description\":\"Bitcoin open interest fell 2.65% as funding stayed near baseline, suggesting leverage cleared rather than longs rebuilt after the rally.\",\"breadcrumb\":{\"@id\":\"https:\/\/cryptonews.uk.com\/?p=12286#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/cryptonews.uk.com\/?p=12286\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=12286#primaryimage\",\"url\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/08\/bitcoin-liquidation-wave.jpg\",\"contentUrl\":\"https:\/\/cryptonews.uk.com\/wp-content\/uploads\/2026\/08\/bitcoin-liquidation-wave.jpg\",\"width\":1280,\"height\":720},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/cryptonews.uk.com\/?p=12286#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/cryptonews.uk.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin long liquidations hit $38.7 million as leverage clears\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/cryptonews.uk.com\/#website\",\"url\":\"https:\/\/cryptonews.uk.com\/\",\"name\":\"Crypto News: Latest Cryptocurrency News and Analysis\",\"description\":\"Latest Crypto &amp; 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