Crypto Liquidations Hit $177M in 24h, Shorts Lead with $93.6M

Total crypto liquidations reached $177M over 24 hours, with short positions accounting for $93.6M. Bitcoin and Ethereum saw significant deleveraging across both long and short sides.

Woofun AI data shows that total cryptocurrency liquidations amounted to $177 million within the last 24 hours. Short positions accounted for $93.6 million of this total, while long positions faced $82.9367 million in forced closures.

Bitcoin longs incurred $10.8078 million in losses, compared to $11.111 million for shorts. Ethereum longs saw $15.9439 million liquidated, whereas shorts faced $19.1731 million. A total of 80,789 traders were affected globally. The largest single event was a $3.2292 million liquidation on Binance's ETHUSDT pair.