Short Liquidations Dominate $165M Network Total in Past 24 Hours

Short positions account for $107M of the $165M total liquidations, surpassing longs by nearly 2:1 ratio, indicating intense bearish leverage unwinding.

Woofun AI data shows that total on-chain liquidations reached $165 million over the past 24 hours. Short positions comprised the majority of this volume at $107 million, while long liquidations totaled $57.49 million.