Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Promotions
AI
Gate AI
Your all-in-one conversational AI partner
Gate AI Bot
Use Gate AI directly in your social App
GateClaw
Gate Blue Lobster, ready to go
Gate for AI Agent
AI infrastructure, Gate MCP, Skills, and CLI
Gate Skills Hub
10K+ Skills
From office tasks to trading, the all-in-one skill hub makes AI even more useful.
GateRouter
Smartly choose from 30+ AI models, with 0% extra fees
Yesterday was intense in the derivatives market. According to CoinGlass, there was heavy liquidation: $826 million was liquidated in 24 hours. What drew attention is that most came from short positions ($661 million), while longs accounted for $166 million.
BTC was the most affected with $375 million in liquidations, followed by ETH with $184 million. Data from CoinGlass shows that nearly 200,000 traders were liquidated during this period. The largest individual liquidation occurred at Hyperliquid in the BTC-USD pair: $15.75 million at once.
These CoinGlass numbers indicate that many people were positioned aggressively. When the market moves quickly, those with excessive leverage end up getting liquidated. It’s the risk of trading derivatives without properly managing exposure.