Crypto Market Sees $193 Million in Liquidations Over 24 Hours

According to ChainCatcher, data from Coinglass reveals that the cryptocurrency market experienced liquidations totaling $193 million in the past 24 hours. Long positions accounted for $133 million, while short positions saw liquidations of $59.4 million. Specifically, Bitcoin long positions faced liquidations of $42.53 million, and Bitcoin short positions saw $7.78 million in liquidations. Ethereum long positions were liquidated for $10.92 million, and Ethereum short positions for $15.88 million. Additionally, over the same period, 120,102 traders globally were liquidated. The largest single liquidation occurred on Hyperliquid's BTC-USD pair, valued at $7.34 million.