Cryptocurrency Market Experiences $267 Million in Liquidations Over 24 Hours

According to ChainCatcher, data from Coinglass reveals that the cryptocurrency market witnessed liquidations totaling $267 million in the past 24 hours. Long positions accounted for $180 million, while short positions saw liquidations of $87.3 million. Specifically, Bitcoin long positions faced liquidations of $60.86 million, and Bitcoin short positions were liquidated for $29.64 million. Ethereum long positions experienced liquidations amounting to $55.94 million, with Ethereum short positions seeing $30.11 million in liquidations. In the same period, a total of 92,772 traders were liquidated globally. The largest single liquidation occurred on Hyperliquid's BTC-USD pair, valued at $5.31 million.