Crypto Perpetual Futures Liquidations | Last 24 Hours
What is a Crypto Liquidation?
A liquidation occurs when a leveraged perpetual futures position is force-closed because the trader's margin can no longer cover unrealized losses. Long liquidations happen when price drops far enough to wipe out long-side margin; short liquidations happen on rapid upward moves. Liquidation cascades — where each liquidation pushes price further into the next tier of stops — are a core mechanic behind violent moves in crypto perpetual futures.