Crypto Market Sees $265 Million in Liquidations Over 24 Hours, Led by Long Positions

Data from CoinGlass indicates that $265 million in crypto contracts were liquidated over the past 24 hours, with $183 million in long positions and $81.43 million in short positions. Bitcoin liquidations totaled $78.88 million, while Ethereum liquidations reached $45.09 million. The largest single liquidation occurred on Binance for the BTCUSDT pair, valued at $2.96 million.