Crypto market liquidations reach $556 million in 24 hours

The cryptocurrency market saw $556 million in total liquidations over the past 24 hours, with long positions accounting for $479 million and short positions for $76.99 million. A total of 159,483 traders were liquidated. BTC liquidations totaled $135.07 million, ETH $112.56 million, SOL $20.25 million, XRP $13.73 million, and ZEC $15.44 million. The largest single liquidation occurred on Bitget in the ETHUSDT_UMCBL pair, valued at $22.63 million.