Crypto market sees $1.717B in liquidations over 24 hours; longs account for $1.411B

ChainCatcher reports that Coinglass data show $1.717 billion in total liquidations across the crypto market over the past 24 hours. Long positions made up the bulk at $1.411 billion, while short liquidations totaled $305 million. By asset, Bitcoin recorded $626 million in long liquidations and $169 million in shorts. Ethereum saw $313 million in long liquidations and $67.28 million in shorts. Coinglass also reported 285,997 liquidated traders worldwide during the period. The largest single liquidation was a BTCUSD position on Hyperliquid worth $16.1984 million.