Crypto Market Liquidations Reach $608 Million in 24 Hours

According to Coinglass data, the crypto market saw $608 million in total liquidations over the past 24 hours, consisting of $82.97 million in long positions and $525 million in short positions. Bitcoin liquidations accounted for $10.30 million in longs and $250 million in shorts, while Ethereum saw $14.92 million in long liquidations and $121 million in short liquidations. A total of 122,425 traders were liquidated, with the largest single liquidation occurring on Hyperliquid for a BTC-USD position valued at $8.53 million.