Data compiled by Woofun AI shows that total network liquidations reached $160 million in the past 24 hours, with long positions accounting for $95.0648 million of the total. Short positions contributed $65.2667 million to the aggregate figure, indicating a market environment where leveraged buyers faced significant pressure despite short-side activity.

Bitcoin long positions were liquidated at $11.3498 million, while Bitcoin shorts saw $16.9766 million in closures. Ethereum longs retreated with $8.9228 million in losses, compared to $15.4439 million for Ethereum shorts. Globally, 62,083 traders were liquidated, with the largest single event occurring on Binance involving an ETHUSDT position worth $2.6581 million.