Crypto Market Sees $426 Million in Liquidations in 24 Hours, Long Positions Hit Hardest

According to CoinGlass data cited by ChainCatcher, the cryptocurrency market recorded $426 million in total liquidations over the past 24 hours, with long positions accounting for $304 million and short positions $123 million.

Bitcoin saw $126 million in liquidations (longs: $85.63 million; shorts: $40.57 million), while Ethereum liquidated $93.67 million (longs: $64.94 million; shorts: $28.73 million) and Solana $14.14 million (longs: $10.58 million; shorts: $3.56 million). A total of 111,791 traders were liquidated during the period.