Crypto Liquidations Hit $308M in 24h, Longs Account for 74% of Total Wipes

Network-wide liquidations reached $308M over 24 hours, with longs comprising $228M. Bitcoin shorts exceeded longs, while a $2.96M ETHUSDC wipe on Binance marked the largest single event.

Woofun AI data shows that total network liquidations amounted to $308 million in the past 24 hours, broken down into $228 million for long positions and $80.38 million for short positions. Within this total, Bitcoin long positions saw $11.3594 million liquidated compared to $20.9069 million for shorts, while Ethereum longs accounted for $29.4149 million against $18.1315 million for shorts.

Globally, 96,393 traders faced liquidation during this period. The largest individual liquidation occurred on Binance, involving an ETHUSDC position worth $2.9572 million.