Crypto Market Experiences $344 Million Liquidation in 24 Hours

In the past 24 hours, the cryptocurrency market saw liquidations totaling $344 million, according to ChainCatcher. Data from Coinglass reveals that long positions accounted for $236 million of the liquidations, while short positions made up $108 million. Bitcoin long positions experienced liquidations amounting to $123 million, whereas short positions saw $27.54 million in liquidations. Ethereum long positions were liquidated for $48.11 million, with short positions facing $17.29 million in liquidations. Additionally, over the last 24 hours, a total of 94,661 individuals were affected by liquidations globally. The largest single liquidation occurred on Hyperliquid - BTC-USD, valued at $6.88 million.