Ethereum (ETH) Leads Global Liquidations With $12.29M Largest ETH-USD Liquidation and $407M in 24 Hours

As of October 21, COINOTAG News, citing Coinglass data, reports elevated intraday liquidation activity across the crypto network. In the past four hours, total liquidations reached $26.174 million, with long liquidations at $21.520 million and short liquidations at $4.6536 million. This distribution underscores margin unwinds amid a cautious risk-off backdrop affecting leveraged positions.

Over the last 24 hours, liquidations affected 103,530 traders globally, totaling $407 million. The largest single liquidation occurred on the Hyperliquid platform for the ETH-USD pair, amounting to $12.2879 million. For traders and risk managers, these liquidity stress indicators provide a data-driven view of near-term leverage exposure and margin dynamics.