$ETH The cryptocurrency market has witnessed major liquidations over the last 24 hours, highlighting the volatility traders are facing. According to data reported by ChainCatcher, total liquidations in the market reached around $253 million.
Statistics from Coinglass show that short positions made up the majority of these liquidations, totalling about $177 million, while long positions accounted for roughly $75.98 million.
Looking at the major cryptocurrencies, Bitcoin recorded liquidations of approximately $25.69 million in long positions and $71.05 million in short positions. Meanwhile, Ethereum saw around $22.09 million in long liquidations and $58.29 million in short liquidations.
Overall, the sharp market movements forced about 76,378 traders worldwide to close their positions. The largest single liquidation occurred on Hyperliquid’s $BTC -USD trading pair, where a position worth $4.24 million was wiped out.
These liquidations reflect the intense battle between bullish and bearish traders, as rapid price swings continue to shake the crypto market.
