Cryptocurrency futures markets saw $458 million in liquidations over the past 24 hours, with short positions accounting for the majority of losses. Short liquidations totaled $283 million compared to $175 million in long positions, indicating significant upside price pressure across the market.
Bitcoin led liquidations with $166 million in forced closures, followed by Ethereum at $92.41 million. The single largest liquidation event occurred on Hyperliquid's BTC-USD perpetual contract, totaling $20.86 million.
Crypto Market Liquidations Hit $458M in 24 Hours as Short Positions Dominate
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