Crypto Market Liquidations Hit $248 Million in 24 Hours

According to Coinglass data, total crypto market liquidations reached $248 million over the past 24 hours, with $80.1 million in long positions and $168 million in short positions liquidated. Bitcoin saw $9.56 million in long and $50.33 million in short liquidations, while Ethereum recorded $16.13 million in long and $20.49 million in short liquidations. A total of 95,892 traders were liquidated, with the largest single liquidation occurring on Bybit involving an AKEUSDT position worth $4.74 million.