Crypto Market Sees $346 Million in Liquidations Over 24 Hours

According to ChainCatcher, citing data from Coinglass, the crypto market experienced $346 million in total liquidations over the past 24 hours, reflecting heightened volatility across major assets.
Of the total liquidations, approximately $234 million came from long positions, while $111 million were from short positions, indicating stronger downside pressure during the period.
Breaking down the data by asset:
Bitcoin (BTC) saw $112 million in long liquidations and $23.78 million in short liquidations.
Ethereum (ETH) recorded $34.75 million in long liquidations and $17.40 million in short liquidations.
The imbalance between long and short liquidations suggests that a significant portion of traders were positioned for upside, only to be caught off guard by recent price movements. Market participants continue to monitor liquidation trends closely, as they often provide insight into leverage conditions and short-term market sentiment.