Crypto Liquidation Event: Sources Disagree on Total Size
CryptoBriefing and Coindoo both cite CoinGlass for the same short-squeeze liquidation event but report different totals for liquidations, short liquidations, traders affected, and Bitcoin’s share.
CryptoBriefing and Coindoo both cite CoinGlass for the same short-squeeze liquidation event but report different totals for liquidations, short liquidations, traders affected, and Bitcoin’s share.
What all sources agree on
- The event was a short-squeeze liquidation cascade tied to a crypto price rally.
- Short liquidations made up the large majority of total liquidations, above 90%.
- The data is sourced to Coinglass/CoinGlass.
- The reported window covers a 24-hour period.
- Bitcoin was among the largest contributors to the liquidation total.
Where the reports disagree
1Total liquidations over the 24-hour period
Total liquidations reached approximately $2.37 billion, with $2.16 billion in short liquidations and roughly 148,000 traders liquidated.
Crypto derivatives positions worth $2.99 billion were forcibly closed over 24 hours, affecting 170,001 traders, according to CoinGlass data.
What would settle it: CoinGlass’s own historical liquidation dataset for the August 19-20, 2026 window.
2Short liquidation total
Over $2.16 billion in short positions were liquidated across derivatives markets in a single 24-hour stretch
Short positions accounted for $2.74 billion of the total, while long liquidations reached $254.48 million.
What would settle it: CoinGlass’s own historical liquidation dataset for the August 19-20, 2026 window.
3Number of traders liquidated
More than 148,000 traders got caught on the wrong side of the trade.
affecting 170,001 traders, according to CoinGlass data
What would settle it: CoinGlass’s own historical liquidation dataset for the August 19-20, 2026 window.
4Bitcoin-specific liquidation figure
BTC short liquidations alone reaching around $1.20 billion.
Bitcoin accounted for $1.42 billion in liquidations
What would settle it: CoinGlass’s own asset-level liquidation breakdown for Bitcoin over the same window, noting CryptoBriefing’s figure is described as short-only while Coindoo’s is described as a total.
What to make of it
Treat the existence of a large, shorts-dominated liquidation event as established, but do not rely on any single dollar figure, trader count, or Bitcoin-specific number until CoinGlass’s own dataset for the period is checked directly.
Treat the existence of a large, shorts-dominated liquidation event as established, but do not rely on any single dollar figure, trader count, or Bitcoin-specific number until CoinGlass’s own dataset for the period is checked directly.
Original source: AltcoinGordon
Syndicated coverage. Originally reported by altcoingordon.com.
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