Crypto Liquidations Hit $212M as Shorts Dominate 83% of Total Wipeouts

Network-wide margin calls reached $212M in 24 hours, with shorts accounting for $175M. BTC shorts led at $81.6M, while 58,614 traders faced liquidation.

Woofun AI data shows that total crypto market liquidations amounted to $212 million over the last 24 hours. Short positions comprised the majority of these losses at $175 million, while long positions accounted for $36.9863 million.

Bitcoin shorts recorded $81.6414 million in liquidations, compared to $3.1445 million for longs. Ethereum shorts saw $17.0911 million wiped out against $3.4973 million for longs. A total of 58,614 traders were liquidated, with the largest single event on Hyperliquid's BTC-USD pair valued at $10.29 million.