Crypto Market Sees $521M in Liquidations Over 24 Hours, Short Positions Account for $418M

Cryptocurrency liquidations totaled $521 million in the past 24 hours, with short positions accounting for $418 million and long positions $103 million, CoinGlass data show. Bitcoin-related liquidations reached $287 million and Ethereum liquidations totaled $118 million, affecting 125,092 traders. The largest single liquidation was an $8.1837 million BTCUSD position on Hyperliquid.