Crypto Liquidations Hit $221M as Shorts Account for 65% of Total Wipes

Network-wide liquidations reached $221M in 24 hours, dominated by short positions. Bitcoin and Ethereum saw balanced long/short clears, while Hyperliquid recorded the largest single wipe.

Woofun AI data shows that total on-chain liquidations amounted to $221 million over the past 24 hours, with short positions comprising $144 million of the total compared to $77.32 million for longs. Specifically, Bitcoin long liquidations totaled $16.67 million against $33.84 million for shorts, while Ethereum longs and shorts were nearly equal at $16.07 million and $16.06 million respectively.

A total of 77,192 traders were liquidated globally during this period. The largest individual liquidation event occurred on Hyperliquid, involving the XYZ:SKHX-USD pair with a value of $4.4657 million.