Total crypto liquidations across the network reached $225 million in the past hour, with long positions accounting for $219 million of the total. Short liquidations amounted to just $6.62 million during the same period, indicating a sharp downside move that caught leveraged bulls off guard. Ethereum led individual asset liquidations at $59.87 million, followed closely by Bitcoin at $57.49 million. The heavy concentration of long liquidations suggests significant leverage was wiped out as prices retreated rapidly across major cryptocurrencies.