Liquidations Jump to $292.8M: 80.6% Longs, 1H Flips Shorts

Longs Paid 80.6% of 24-Hour Liquidations

Liquidations jumped to $292.8 million in the last 24 hours, and long positions took the hit. Longs accounted for $236.0 million of the total, or 80.6%, while shorts lost $56.8 million. The count was 74,951 forced positions, so this was broad leverage clearing rather than one or two oversized trades.

BTC led with $105.7 million in liquidated positions, followed by ETH at $83.9 million and SOL at $24.0 million. Prices tell the story: BTC fell 2.1% to $77,315, ETH dropped 2.4% to $2,417, and SOL lost 3.9% to $99.94. The three majors all touched 24-hour lows in the same window, which pushed crowded long books toward their stop levels together.

The Last Hour Flipped to Shorts

The direction changed fast. In the 4-hour window, longs paid 90.3% of the $153.6 million that got liquidated, a textbook long flush. But in the last hour, shorts were the ones getting cleared, accounting for 73% of the $2.26 million in forced closes. The squeeze engine is losing power.

That pattern matters for reading what comes next. A long flush that runs out of victims usually means sellers are exhausting themselves. The 1-hour short liquidation is early evidence that some traders are now betting against the bounce, and those positions are getting squeezed as price stabilizes near the lows.

Binance Carried 42% of the Volume

Exchange data shows concentration at the top. Binance handled $123.8 million of the 24-hour liquidations, roughly 42% of the total, with OKX next at $65.9 million and Hyperliquid at $30.1 million. Hyperliquid's book was 95% longs, meaning its users were riding the same crowded long trade that got unwound elsewhere.

Bybit, Gate and Bitget combined for another $64.0 million. The spread across venues is normal for a clearing event of this size, but the Binance share stands out: when the largest venue handles more than two in five dollars of forced positions, retail positioning there is the market's center of gravity.

What to Watch Now

The 24-hour number is up from $173 million the day before, when shorts paid 55% of the bill. That swing, from a short squeeze to a long flush, shows how quickly positioning can rotate after a failed breakout. BTC tried $79,274 earlier in the window and could not hold it, and the round trip down to $76,190 set off the cascade.

For traders, the takeaway is that open interest has not collapsed with price. That means the deleveraging is still in progress and another leg is possible if funding turns negative across the board. Watch the hourly liquidation mix: a sustained stretch of short-side clearing would confirm the long flush is done, while another hour of 90%+ longs would mean fresh buying is still getting caught.

Data as of 04:30 Beijing time on September 2, 2026, covering Binance, OKX, Bybit, Hyperliquid, Gate, Bitget and other major exchanges.