Data compiled by Woofun AI shows that total market liquidations surged to $751 million over the past 24 hours. The majority of these forced exits originated from long positions, which incurred $706 million in losses, while short positions faced approximately $45.6 million in liquidations.

Bitcoin (BTC) represented the largest share of this volatility, accounting for roughly $300 million in wiped-out leverage. Ethereum (ETH) followed as the second most impacted asset, with traders losing approximately $178 million. This distribution underscores a pronounced bearish sentiment across major digital assets.