Crypto Market Sees $275 Million in Liquidations Over 24 Hours

According to Coinglass data, the crypto market recorded $275 million in liquidations over the past 24 hours, with $137 million in long positions and $138 million in short positions liquidated. Bitcoin long liquidations totaled $45.72 million, while short liquidations reached $20.47 million. Ethereum saw $27.89 million in long liquidations and $28.07 million in short liquidations. A total of 77,336 traders were liquidated, with the largest single liquidation occurring on Binance for an ETHUSDT position valued at $2.25 million.