Network Liquidations Hit $69.9M as Shorts Account for 58% of Total Losses

Total crypto liquidations reached $69.9M in 24 hours, with shorts dominating at $40.4M. BTC longs and ETH shorts saw significant losses, impacting 51k traders.

Woofun AI data shows that total network liquidations amounted to $69,869,400 over the past 24 hours, comprising $29,491,300 in long position losses and $40,378,200 in short position losses. BTC longs incurred $4,239,800 in losses while shorts lost $2,666,100; ETH longs lost $1,556,900 and shorts lost $3,053,500. A total of 51,211 traders were liquidated, with the largest single event on Binance's BNBUSD_PERP market reaching $1,124,400.