Cryoyo markets severe liquidations of $318 Million (mostly Longs) in the past 24 hours indicate brutal trend of crypto and severe Risks involved in it.

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.