According to ChainCatcher, data from Coinglass reveals that the cryptocurrency market witnessed liquidations totaling $124 million in the past 24 hours. Long positions accounted for $43.9989 million, while short positions saw liquidations of $80.18 million. Specifically, Bitcoin long positions faced liquidations of $1.8088 million, and Bitcoin short positions were liquidated for $16.0987 million. Ethereum long positions experienced liquidations of $2.9261 million, with Ethereum short positions seeing $6.9856 million in liquidations.
In the same period, a total of 106,559 traders were liquidated globally. The largest single liquidation occurred on Hyperliquid's BTC-USD pair, amounting to $3.5385 million.
