Data compiled by Woofun AI shows that total network-wide liquidations surged to $479 million over the past 24 hours, driven predominantly by long position closures totaling $402 million against $76.5863 million in short liquidations. Bitcoin longs accounted for $134 million of the forced exits, while Ethereum longs contributed $94.4208 million, significantly outweighing their respective short-side counterparts of $13.5345 million and $12.5693 million.

Concurrently, the volatility impacted 124,482 traders globally, with the most substantial single event occurring on Binance. The exchange processed a massive $7.4075 million liquidation in the ETHUSDT pair, highlighting the intense pressure on leveraged positions during this market move.