Data compiled by Woofun AI shows that total liquidations across the network surged to $163 million within the last 24 hours, reflecting intense market volatility. Short positions dominated the activity, accounting for $112 million of the total, while long positions faced $50.9623 million in forced closures. This imbalance highlights a bearish pressure on leveraged traders during this period.

Specific asset breakdowns reveal that Bitcoin short positions were liquidated at $31.2779 million, compared to $8.9614 million for longs. Similarly, Ethereum saw $35.8499 million in short liquidations versus $10.884 million for longs. Globally, 66,008 traders were liquidated, with the largest single event occurring on Binance involving a BTCUSDT position worth $3.435 million.