Crypto Liquidations Surge 24h to $238M with Longs at $131M

Total crypto liquidations hit $238M in 24 hours, with longs comprising $131M and shorts $108M. BTC and ETH led the drawdown, affecting over 80k traders globally.

Woofun AI data shows that total crypto liquidations reached $238 million over the past 24 hours, with long positions accounting for $131 million and short positions for $108 million. Bitcoin longs faced $41.7528 million in liquidations versus $7.3744 million for shorts, while Ethereum longs saw $24.9982 million cleared compared to $8.6526 million for shorts. A total of 80,126 traders experienced margin calls, with the largest single event on Bybit's BTCUSDT market totaling $1.989 million.