Crypto Market Sees $296 Million Liquidated in 24 Hours

According to CoinGlass data from August 28, the cryptocurrency market recorded $296 million in total liquidations over the past 24 hours, affecting 73,960 traders. Long positions accounted for $156 million, while short positions totaled $140 million. Liquidations by asset included $108 million for BTC, $47.51 million for ETH, $30.18 million for SOL, $10.69 million for XRP, and $5.17 million for ZEC. The largest single liquidation occurred on Hyperliquid for the BTC-USD pair, valued at $2.19 million.