Crypto market liquidations reach $278 million in 24 hours

Data from Coinglass shows that $278 million in positions were liquidated across the crypto market in the last 24 hours, with $196 million in long positions and $82.58 million in short positions. Bitcoin long liquidations totaled $33.64 million, while Ethereum long liquidations reached $54.24 million. A total of 114,246 traders were liquidated, with the largest single liquidation occurring on Binance for an ETHUSDT position valued at $4.47 million.