Crypto Derivatives See $303M in Liquidations in 24 Hours, Long Positions Hit $179M

According to Coinglass data, the crypto derivatives market saw $303 million in liquidations in the past 24 hours as of June 17, with long positions accounting for $179 million and short positions $124 million.

Bitcoin long liquidations reached $43.94 million while short liquidations were $14.91 million. Ethereum long liquidations totaled $34.82 million with short liquidations at $54.37 million. A single liquidation on Binance's ETHUSDT pair reached $9.09 million, the largest in the period, affecting 85,813 traders overall.