Data compiled by Woofun AI shows that total cryptocurrency liquidations across the network surged to $217 million over the past 24 hours, reflecting heightened market volatility. Long positions accounted for the majority of these losses at $121 million, while short positions were liquidated for $95.3779 million. This distribution indicates a broader upward price pressure that triggered stop-losses for leveraged buyers.

Breakdown by major assets reveals distinct trends: Bitcoin (BTC) long positions faced $25.643 million in liquidations, whereas BTC shorts were wiped out to the tune of $39.426 million. Ethereum (ETH) saw $21.5192 million in long liquidations and $23.7339 million in shorts. Globally, 69,130 traders were liquidated, with the most significant single event occurring on Binance, where a HYPEUSDT position worth $4.7241 million was cleared.