Cryptocurrency futures markets saw $173 million in liquidations over the past 24 hours, with losses nearly evenly split between long and short positions. Long positions accounted for $87.98 million in liquidations, while short positions totaled $84.53 million, according to CoinGlass data.
Bitcoin and Ethereum led individual asset liquidations at $18.64 million and $19.71 million respectively. The single largest liquidation event occurred on Hyperliquid's XRP-USD perpetual contract, totaling $3.35 million.
Crypto Market Liquidations Hit $173M in 24 Hours as Longs and Shorts Get Squeezed
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