Crypto Markets See $335M in Liquidations Over 24 Hours, With Both Longs and Shorts Hit

According to CoinGlass, cryptocurrency markets experienced $335 million in total liquidations over the past 24 hours, with long positions accounting for $195 million and short positions $139 million.

Bitcoin led liquidations at $87.05 million (longs $33.15 million, shorts $53.89 million), followed by Ethereum at $61.17 million (longs $36.03 million, shorts $25.14 million). In total, 123,968 traders were liquidated, with the largest single liquidation occurring on Binance's XAGUSDT pair at $3.304 million.