Crypto Liquidations Reach $582 Million in 24 Hours, Led by Longs

Crypto liquidations totaled $582 million over 24 hours, with long positions accounting for $328 million and short positions for $254 million. Bitcoin (BTC) long liquidations reached $75.9 million, while short liquidations totaled $130 million. Ether (ETH) saw $71.1 million in long liquidations and $57.7 million in short liquidations.

A total of 110,846 traders were liquidated during the period. The largest single liquidation was an $11.7 million BTCUSDT liquidation on Binance.