Data compiled by Woofun AI shows that total network-wide liquidations amounted to $286 million over the past 24 hours, with long positions bearing the brunt at $216 million compared to $70.49 million in shorts. Bitcoin longs were liquidated at $65.80 million while shorts hit $9.11 million; Ethereum followed with $50.34 million in longs and $18.52 million in shorts.

Concurrently, 83,614 traders faced liquidation globally, highlighted by a singular $49.66 million BTCUSDT position wiped out on Binance.