Crypto Market Liquidations Reach $108 Million in 24 Hours

A recent report by BlockBeats reveals that the cryptocurrency market experienced significant liquidation activity totaling $108 million over the past 24 hours. Data from Coinglass indicates that long positions accounted for a substantial portion of these losses, contributing $40.04 million in liquidations, while short positions faced losses of $67.89 million. This resulted in the liquidation of assets for a total of 55,335 traders worldwide. Notably, a single prominent event saw the largest liquidation amount at $3.53 million on Hyperliquid’s ETH-USD pair.