Data compiled by Woofun AI shows that total network liquidations surged to $539 million within the last 24 hours, characterized by a distinct dominance of short positions totaling $377 million against $162 million in long liquidations. This imbalance was particularly pronounced in major assets, with Bitcoin shorts accounting for $90.5111 million and Ethereum shorts reaching $148 million, while their respective long positions faced liquidations of $39.5378 million and $51.0464 million.

Concurrently, the volatility impacted 111,525 traders globally. The most significant single event occurred on Binance, where an ETHUSDT position valued at $12.029 million was liquidated, highlighting the intense pressure on leveraged short exposure across the ecosystem.