Data compiled by Woofun AI shows that total network-wide liquidations surged to $146 million over the past 24 hours, reflecting significant volatility in leveraged positions. Short positions bore the brunt of the market move, accounting for $95.1744 million in forced exits, while long positions saw $51.1152 million liquidated.

Bitcoin and Ethereum dominated the liquidation volume. Bitcoin shorts were cleared at $32.1112 million compared to $9.2538 million for longs, while Ethereum shorts totaled $26.5777 million against $9.6305 million for longs. Globally, 66,381 traders faced liquidation, with the largest single event occurring on Binance involving a BTCUSDT position worth $3.435 million.