Global Crypto Liquidations Hit $385M in 24 Hours; Long Positions Account for $280M

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According to Coinglass data reported by ChainCatcher, $385 million in positions were liquidated across crypto derivatives markets in the past 24 hours as of July 1, with long liquidations totaling $280 million and short liquidations at $104 million. Bitcoin saw long liquidations of $140 million and short liquidations of $32.54 million, while Ethereum recorded long liquidations of $48.43 million and short liquidations of $26.19 million. Over 100,267 traders were liquidated in the period, with the largest single liquidation occurring on Binance's ETHUSDT pair at $11.38 million.
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