Crypto Market Liquidations Hit $65.5M in 24 Hours as Longs and Shorts Get Squeezed

Cryptocurrency futures markets saw $65.54 million in liquidations over the past 24 hours, with losses nearly evenly split between long and short positions. Long positions accounted for $32.32 million in liquidations, while short positions totaled $33.22 million, according to CoinGlass data. Bitcoin and Ethereum liquidations remained relatively contained at $3.07 million and $4.51 million respectively. The single largest liquidation event occurred on Hyperliquid's STRK-USD perpetual contract, totaling $786,900.