Data compiled by Woofun AI shows that total network liquidations reached $705 million over the past 24 hours, with long positions comprising $587 million of the total compared to $118 million for shorts. Bitcoin longs were liquidated at $153 million and shorts at $53.65 million, while Ethereum longs faced $148 million in liquidations against $28.128 million for shorts.

Concurrently, 144,804 traders were liquidated globally during this period. The most significant single event occurred on Hyperliquid, where an ETH-USD position valued at $14.1486 million was wiped out.