Cryptocurrency futures markets saw $348 million in liquidations over the past 24 hours, with both long and short positions heavily impacted. Long positions accounted for $195 million in liquidations, while short positions totaled $152 million, according to CoinGlass data.
Bitcoin led liquidations with $83.56 million wiped out, followed by Ethereum at $76.46 million. The single largest liquidation event occurred on Hyperliquid's BTC-USD perpetual contract, totaling $4.89 million.
Crypto Market Liquidations Hit $348M in 24 Hours as Longs and Shorts Get Squeezed
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