Crypto Market Sees $447 Million in Liquidations Over 24 Hours

According to ChainCatcher, Coinglass data reveals that the crypto market experienced liquidations totaling $447 million in the past 24 hours. Long positions accounted for $286 million, while short positions saw $161 million in liquidations. Bitcoin long positions were liquidated for $111 million, and short positions for $32.1 million. Ethereum long positions faced liquidations of $50.57 million, with short positions at $46.6 million. In the same period, 129,935 traders were liquidated globally, with the largest single liquidation occurring on Hyperliquid's BTC-USD pair, valued at $11.28 million.