Crypto Contract Liquidations Hit $239M in 24 Hours

Global crypto derivatives saw $239M in forced closures over 24 hours, with longs comprising $151M. Binance led volume at 49%, while 89,676 traders were liquidated.

Woofun AI data shows that global cryptocurrency contract market liquidations totaled approximately $239 million over the past 24 hours, forcing 89,676 traders to close positions. Long positions accounted for roughly $151 million of the total, while short positions represented about $87.2 million.

The largest single liquidation occurred in the Binance SNDKUSDT contract, valued at approximately $2.0559 million. Binance handled around $121 million in liquidations, constituting nearly 49% of the aggregate. Gate, OKX, Bybit, and Hyperliquid each recorded liquidations between $24 million and $28 million, with long trades dominating the activity.