Crypto market liquidations reach $571 million in 24 hours

Data from Coinglass shows $571 million in total liquidations over the past 24 hours, with $487 million in long positions and $84.1 million in short positions. Bitcoin long liquidations totaled $126 million, while Ethereum long liquidations reached $105 million. A total of 163,176 traders were liquidated, with the largest single liquidation occurring on Bitget for an ETHUSDT perpetual contract valued at $22.63 million.