Crypto Markets See $475M in Liquidations in 24 Hours, Short Positions Hit Hardest

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According to CoinGlass, cryptocurrency markets saw $475 million in liquidations over the past 24 hours, with short positions accounting for $294 million and long positions $181 million. Bitcoin liquidations reached $189 million, while Ethereum saw $116 million in liquidation value. A total of 99,260 traders were liquidated, with the largest single liquidation—$11.6 million on Binance's ETHUSDT pair—highlighting the volatility.
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