Data compiled by Woofun AI shows that total crypto liquidations surged to $326 million over the past 24 hours, driven primarily by short position closures totaling $172 million against $153 million in long liquidations. Bitcoin shorts represented the largest segment at $85.6769 million, followed by Ethereum shorts at $43.8202 million, while long positions for Bitcoin and Ethereum were liquidated at $30.3357 million and $25.084 million, respectively.

Concurrently, global liquidation activity impacted 82,676 traders, with the most significant single event occurring on Binance involving a $6.6491 million BTCUSDT position. This distribution highlights a bearish pressure environment where short-side volatility exceeded long-side exposure across major assets.