Crypto Market Experiences $342 Million in Liquidations Over 24 Hours

In the past 24 hours, the cryptocurrency market witnessed liquidations totaling $342 million, according to ChainCatcher. Data from Coinglass reveals that long positions accounted for $246 million of the liquidations, while short positions amounted to $96.2 million. Bitcoin long positions saw liquidations of $55.22 million, with short positions experiencing $28.21 million in liquidations. Ethereum long positions faced liquidations of $98.65 million, while short positions were liquidated for $18.20 million. Additionally, 118,116 traders globally were affected by liquidations in the last 24 hours. The largest single liquidation occurred on Hyperliquid's SOL-USD pair, valued at $1.979 million.