Crypto Market Liquidations Hit $534 Million in 24 Hours

Coinglass data indicates that $534 million in positions were liquidated across the crypto market in the last 24 hours, with $431 million in long positions and $103 million in short positions. Bitcoin long liquidations totaled $92.27 million, while Ethereum long liquidations reached $54.13 million. A total of 132,721 traders were liquidated, with the largest single liquidation occurring on Binance in the ETHUSDT pair, valued at $11.82 million.