Global Liquidations Reach $262 Million in 24 Hours

In the past 24 hours, the cryptocurrency market experienced liquidations totaling $262 million, according to ChainCatcher. Data from Coinglass reveals that long positions accounted for $172 million of the liquidations, while short positions amounted to $90.41 million. Bitcoin long positions saw liquidations of $68.33 million, with short positions reaching $38.42 million. Ethereum long positions were liquidated for $45.26 million, and short positions for $26.53 million. During this period, 71,009 traders globally faced liquidations, with the largest single liquidation occurring on OKX's BTC-USDT-SWAP, valued at $10.1762 million.