Crypto Liquidations Hit $257M in 24 Hours as Shorts Dominate

Total crypto liquidations reached $257M over 24 hours, with short positions accounting for $166M. Bitcoin and Ethereum shorts drove the majority of the deleveraging event.

Woofun AI data shows that total liquidations across the network amounted to $257 million in the past 24 hours. Short positions comprised $166 million of this total, while long positions accounted for $91.215 million.

Bitcoin shorts were liquidated at $48.0039 million, compared to $6.7823 million for longs. Ethereum shorts totaled $39.9649 million against $9.4399 million for longs. Globally, 84,626 traders faced liquidation, with the largest single event being a $3.5545 million BTCUSDT position on Binance.