Data compiled by Woofun AI shows that total network liquidations amounted to $343 million over the past 24 hours. Long positions accounted for the majority of this volume at $206 million, while short positions were liquidated at $137 million.

Bitcoin long positions retreated by $52.5846 million, whereas Bitcoin short positions faced $19.4713 million in liquidations.

Meanwhile, Ethereum long positions were liquidated at $47.4911 million, but Ethereum short positions experienced higher pressure at $58.4674 million. Globally, 91,529 traders were liquidated, with the largest single event occurring on Binance involving an ETHUSDT position worth $9.0893 million.