Crypto Market Sees $1.72 Billion Liquidated in 24 Hours

In the past 24 hours, the cryptocurrency market experienced liquidations totaling $1.72 billion, according to Coinglass data. Long positions accounted for $1.41 billion of the liquidations, while short positions saw $305 million liquidated. According to ChainCatcher, Bitcoin long positions faced $626 million in liquidations, with short positions seeing $169 million. Ethereum long positions were liquidated for $313 million, while short positions saw $67.28 million liquidated. Additionally, 285,997 traders were liquidated globally during this period. The largest single liquidation occurred on Hyperliquid - BTC-USD, valued at $16.19 million.