63,222 crypto traders liquidated in past 24 hours as leverage continues to bite

More than 63,000 crypto traders had their positions forcibly closed over the past 24 hours, a number that sounds alarming until you realize it’s basically a Tuesday in the derivatives market. CoinGlass data pegged the tally at 61,784 liquidated traders as of August 19, with total value wiped out reaching approximately $195.59 million. Long positions accounted for $110.14 million of that damage, while shorts contributed $85.46 million. Inside the numbers The liquidations spanned major exchanges including Binance, OKX, Bybit, Gate.io, and Hyperliquid. That last platform hosted the single largest individual liquidation order, a $23.35 million position. No specific macro catalyst or breaking news event has been tied to this particular batch of liquidations. These weren’t panic-driven, flash-crash liquidations triggered by a regulatory bombshell or a geopolitical shock. The near-even split between longs and shorts, $110 million versus $85 million, suggests the market was range-bound enough to catch overleveraged traders on both sides. A quiet day by recent standards In 2025, the crypto derivatives market recorded approximately $150 billion in forced liquidations across the full year, wo...