Crypto Market Sees $616M in Liquidations in 24 Hours, Longs Hit $551M

BTC-3.03%
ETH-4.10%
HYPE-7.75%

According to Coinglass, $616 million in leveraged positions were liquidated across crypto markets in the past 24 hours, with long positions accounting for $551 million and short positions $64.49 million.

Bitcoin longs saw $157 million liquidated versus $13.11 million for shorts, while Ethereum longs experienced $140 million in liquidations against $16.73 million for shorts. The largest single liquidation, worth $14.15 million, occurred on Hyperliquid's ETH-USD pair, impacting 132,174 traders.

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