Data compiled by Woofun AI shows that total network liquidations surged to $458 million over the past 24 hours, with long positions bearing the brunt at $366 million compared to $91.2115 million in short positions. BTC longs contributed $120 million to the total, while ETH longs accounted for $84.5419 million.

Meanwhile, BTC shorts saw $17.236 million in liquidations and ETH shorts recorded $26.8009 million.

Globally, 121,394 traders faced liquidation during this period. The most significant single event was a $10.4925 million liquidation on the Aster - ETHUSDT pair, highlighting intense volatility in leveraged positions.