The cryptocurrency market experienced significant liquidations totaling $363 million in the past 24 hours, with long positions bearing the brunt, according to CoinGlass data. Of the total, $311 million were long-position liquidations, while short positions accounted for $51.4 million. Bitcoin (BTC) saw $123 million in liquidations, predominantly from long positions at $113 million. Ethereum (ETH) followed with $69.5 million in liquidations, including $57.2 million from long positions. Solana (SOL) recorded $6.4 million in liquidations, with $5.6 million from long positions.
A total of 89,360 traders were liquidated during this period, highlighting the market's volatility. The largest single liquidation occurred on Binance's WLFI-USDT trading pair, valued at $12.1 million.
Crypto Market Sees $363 Million in Liquidations, Long Positions Hit Hardest
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