Crypto Liquidations Hit $276M in 24 Hours, Longs Account for 68% of Total Wipes

Network-wide liquidations reached $276M with longs comprising 68%. Bitcoin and Ethereum saw significant long-side pressure, while Binance recorded the largest single wipe at $2.94M.

Woofun AI data shows that total liquidations across the network amounted to $276 million over the past 24 hours. Long positions accounted for $188 million of this total, while short positions totaled $87.604 million. Specifically, Bitcoin long positions were liquidated at $27.7794 million and shorts at $20.2002 million. Ethereum longs faced $33.7688 million in liquidations, compared to $21.9318 million for shorts.

Globally, 88,310 traders were liquidated during this period. The largest individual liquidation occurred on Binance, involving a BTCUSDT position worth $2.9392 million.