Crypto Liquidations Hit $257M in 24h, Longs Account for $171M

Global crypto liquidations reached $257M over 24 hours, with long positions comprising $171M. Bitcoin and Ethereum saw significant forced closures, while Binance recorded the largest single event at $9.2M.

Woofun AI data shows that total network liquidations amounted to $257 million in the past 24 hours, driven by $171 million in long positions and $85.544 million in short positions. Bitcoin longs accounted for $31.573 million, while shorts totaled $23.5364 million; Ethereum longs reached $68.8588 million against $17.6479 million in shorts.

A total of 69,273 traders were liquidated globally during this period. The largest individual liquidation occurred on Binance involving ETHUSDT, valued at $9.2108 million.