Crypto market liquidations reach $276 million in 24 hours

According to Coinglass data, the crypto market saw $276 million in total liquidations over the past 24 hours, consisting of $58.25 million in long positions and $218 million in short positions. Bitcoin liquidations totaled $9.13 million for longs and $45.32 million for shorts, while Ethereum saw $12.47 million in long liquidations and $37.48 million in short liquidations. A total of 85,249 traders were liquidated, with the largest single liquidation occurring on Hyperliquid for the XYZ:SP500-USD pair, valued at $5.75 million.