$224 Million in Crypto Positions Liquidated in 24 Hours, Longs Hit Hardest

According to CoinGlass, $224 million in crypto positions were liquidated in the past 24 hours (July 22-23), with long positions accounting for $169 million and short positions $55.02 million. The liquidations affected 66,476 traders.

Bitcoin saw $47.47 million in liquidations ($38.30M longs, $9.17M shorts), while Ethereum recorded $43.23 million ($33.29M longs, $9.94M shorts). The largest single liquidation occurred on OKX's BTC-USDT-SWAP pair, totaling $4.39 million.