Network Liquidations Hit $234M as Shorts Account for 54% of Total

Global leveraged positions face $234M in liquidations over 24 hours, with short positions dominating at $126M. Bitcoin shorts lead the drawdown, while Binance records the largest single event.

Woofun AI data shows that total network liquidations reached $234 million in the past 24 hours, comprising $108 million in long positions and $126 million in short positions. Bitcoin shorts accounted for $31.7862 million, while Bitcoin longs saw $6.2036 million in liquidations. Ethereum shorts totaled $28.937 million, compared to $10.3418 million for longs.

Globally, 95,085 traders were liquidated during this period. The largest single liquidation occurred on Binance, involving a BTCUSDT position worth $3.5545 million.