Crypto Markets See $291M in Liquidations in 24 Hours, Long Positions Hit $179M

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According to Coinglass data, global crypto markets recorded $291 million in liquidations over the past 24 hours, with long position liquidations reaching $179 million and short position liquidations totaling $112 million. Bitcoin long liquidations hit $50.49 million, while short liquidations amounted to $34.64 million; Ethereum long liquidations reached $39.67 million with short liquidations at $30.65 million. A total of 81,094 traders were liquidated, with the largest single liquidation occurring on Binance BTCUSDT at $4.97 million.
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