Bitcoin long liquidations reach $250 million as open interest falls

CoinGlass recorded $250.57 million in crypto long liquidations over 24 hours by about 07:00 UTC on Aug. 23. Long positions accounted for almost 86% of the $118.13 million liquidated during the four-hour window. Bitcoin contributed $55.82 million of the 24-hour long liquidations. BTC traded near $76,088 after falling about 1.8% over the preceding day. Bitcoin later recovered slightly to near $77,300. CoinGlass placed aggregate Bitcoin futures open interest near $54.54 billion. Major perpetual funding rates stayed generally near the 0.01% baseline. The aggregate account long-short ratio stood at 0.9238. Binance recorded $65.02 million of all crypto liquidations during the four-hour window. The largest single order over 24 hours was an $11.72 million ETHUSDT liquidation on Binance. Farside Investors recorded five consecutive sessions of US spot Bitcoin ETF inflows through Friday. The inflows included $307.5 million on Aug. 21.