Data compiled by Woofun AI shows that total cryptocurrency market liquidations surged to $414 million within a 24-hour window. The composition of these forced closures reveals a heavy bias toward long positions, which accounted for $320 million of the aggregate volume.

Concurrently, short position liquidations totaled $93.5154 million. This disparity underscores the severity of recent price declines, as leveraged buyers faced disproportionate margin calls compared to their bearish counterparts.