Crypto Market Sees $397M in Liquidations in 24 Hours, Short Positions Account for $245M

Total cryptocurrency market liquidations reached $397 million in the past 24 hours, with short positions accounting for $245 million and long positions for $152 million, CoinGlass data show. BTC liquidations totaled $158 million and ETH liquidations reached $122 million over the same period. The data also show 104,461 traders were liquidated in 24 hours, with the largest single liquidation worth $12.623 million occurring on the BTCUSD pair on Hyperliquid.