Crypto market sees $926 million in liquidations over 24 hours, dominated by short positions

Data from CoinGlass indicates that the cryptocurrency market recorded $926 million in total liquidations over the past 24 hours, with short positions accounting for $785 million and long positions for $142 million. Bitcoin liquidations totaled $509 million, while Ethereum liquidations reached $198 million. The largest single liquidation occurred on the Binance BTCUSDT pair, valued at $11.2978 million.