Crypto Market Sees $503 Million in Liquidations Over 24 Hours

Data from CoinGlass indicates that $503 million in crypto contract liquidations occurred over the past 24 hours, with long positions accounting for $432 million and short positions for $70.81 million. Bitcoin liquidations totaled $115 million, while Ethereum liquidations reached $104 million. The largest single liquidation event occurred on Bitget for an ETHUSDT perpetual contract, valued at $22.63 million.