Woofun AI data shows that total network liquidations amounted to $207 million in the past 24 hours, driven primarily by $147 million in short position closures compared to $59.9824 million in longs. Bitcoin shorts accounted for $50.1893 million and Ethereum shorts for $50.6301 million, while their respective long liquidations totaled $10.4197 million and $18.2246 million.

A total of 65,284 traders faced liquidation globally during this period. The largest single event occurred on Bybit, involving a BTCUSD position worth $6 million.