Crypto Liquidations Hit $679M in 24h as Longs Dominate

Total crypto liquidations reached $679M over 24 hours, with long positions accounting for $536M. Bitcoin and Ethereum longs led the losses, while 164,911 traders were cleared globally.

Woofun AI data shows that total network liquidations amounted to $679 million in the past 24 hours. Long positions comprised $536 million of this total, while short positions accounted for $143 million. Bitcoin longs saw $134 million in liquidations, compared to $23.8678 million for shorts. Ethereum longs were liquidated at $80.4039 million, versus $51.148 million for shorts.

Globally, 164,911 traders faced liquidation during this period. The largest single event occurred on Hyperliquid, involving the XYZ:SKHX-USD pair, which recorded a $24.6139 million liquidation.