Ethereum Tops $199M in 24‑Hour Crypto Liquidations as Total Hits $532M; 148,745 Traders Affected

COINOTAG reported on August 20, citing Coinglass data, that the total value liquidated across the crypto network in the prior 24 hours reached $532 million, reflecting a concentrated period of deleveraging in spot and derivatives markets.

Ethereum led asset-specific losses with $199 million liquidated, making it the most affected token by nominal liquidation value, according to the same market data snapshot.

The dataset also shows $460 million in long positions were closed out, with 148,745 accounts liquidated globally and the single largest trade liquidated on Binance (pair BTCUSDT) valued at $9.695 million.