Data compiled by Woofun AI shows that total network liquidations reached $452 million over the past 24 hours, with long positions comprising the majority at $367 million compared to $85.091 million in short positions. The liquidation pressure was heavily concentrated on major assets, as Bitcoin longs faced $121 million in forced closures and Ethereum longs saw $83.0352 million wiped out, while shorts in BTC and ETH accounted for $13.8615 million and $25.3877 million respectively.

This volatility impacted a total of 119,029 traders globally within the same timeframe. The most significant single event recorded was a $10.4925 million liquidation in the Aster - ETHUSDT pair, highlighting the severe downside risk currently affecting leveraged positions in the market.