Cryptocurrency futures markets saw $386 million in liquidations over the past 24 hours, with short positions accounting for the majority of losses. Short liquidations totaled $247 million compared to $140 million in long positions, indicating significant upside price pressure across the market.
Bitcoin and Ethereum led the liquidation volume with $98.35 million and $99.04 million respectively. The single largest liquidation event occurred on Hyperliquid's BTC-USD perpetual contract, totaling $18.38 million.
Crypto Market Liquidations Hit $386M in 24 Hours as Short Positions Dominate
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