Data compiled by Woofun AI shows that cryptocurrency markets experienced a total of $426 million in liquidations over the past 24 hours, driven predominantly by long position closures which accounted for $304 million compared to $123 million in short liquidations.

BTC led the asset-specific losses with $126 million wiped out, split between $85.63 million in longs and $40.57 million in shorts. ETH followed with $93.67 million in total liquidations, comprising $64.94 million in longs and $28.73 million in shorts, while SOL saw $14.14 million in liquidations, including $10.58 million in longs. The volatility affected 111,791 traders, with the most significant single event occurring on the BTC-USD pair on Hyperliquid, valued at $4.3474 million.