Crypto futures markets saw $751 million in total liquidations over the past 24 hours, with long positions accounting for $635 million and shorts for $116 million, according to CoinGlass data.
Bitcoin led the wipeout with $306 million in BTC-related liquidations, followed by Ethereum at $126 million. The largest single liquidation hit a Hyperliquid BTC-USD position valued at $31.09 million.
$751M Wiped Out in 24-Hour Crypto Liquidations as Longs Dominate; Largest Single Hit on Hyperliquid
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