According to ChainCatcher, Coinglass data reveals that the crypto market experienced liquidations totaling $318 million in the past 24 hours. Long positions accounted for $265 million, while short positions saw liquidations of $52.96 million. Bitcoin long positions were liquidated for $66.78 million, and short positions for $9.47 million. Ethereum long positions faced liquidations of $107 million, with short positions at $10.92 million.

In the same period, 109,089 traders were liquidated globally. The largest single liquidation occurred on Hyperliquid's ETH-USD pair, valued at $5.68 million.