Crypto liquidations jump to $1.787 billion in 24 hours, longs bear the brunt

BlockBeats reported on June 4, citing Coinglass data, that total crypto market liquidations reached $1.787 billion over the past 24 hours. Long positions accounted for $1.517 billion of the total, while short liquidations came in at $269 million. Globally, 296,488 traders were liquidated during the period. The largest single liquidation was a $16.1984 million BTCUSD position on Hyperliquid.