Crypto Market Sees $342M in Liquidations, Longs Account for $246M

A total of $342 million was liquidated across cryptocurrency markets in the past 24 hours, with long positions accounting for $246 million and shorts $96.21 million, Coinglass data show. Bitcoin liquidations totaled $55.22 million in longs and $28.21 million in shorts, while Ethereum saw $98.66 million and $18.20 million respectively. The liquidations affected 118,116 traders, with the largest single liquidation reaching $1.98 million on Hyperliquid's SOLUSD pair.