Ethereum Liquidations Top $315M in 12 Hours as Crypto Sees $526M Wiped Out — Coinglass

COINOTAG News on August 23, citing Coinglass data, reports that total position liquidations across the crypto network reached $526 million over the prior 12 hours, with long liquidations at $96.9 million and short liquidations at $429 million.

Asset-level breakdown shows Ethereum comprised roughly $315 million of the liquidations—exceeding Bitcoin‘s $74.01 million by a factor of more than four—highlighting concentrated derivative exposure and elevated volatility pressure in ETH markets during the period.

Such liquidation dynamics can influence real-time funding rates, open interest and market liquidity; market participants are advised to monitor these metrics and apply disciplined risk management to limit contagion between spot and derivatives venues.