$194 Million Crypto Liquidation Wave Hits Market

Roughly $194.25 million in leveraged cryptocurrency positions were liquidated over the past 24 hours, according to CoinGlass data.

The majority of these liquidations came from long bets, accounting for nearly three-quarters of the total, as a broad market pullback pressured major tokens.

Total liquidations reached about $194.25 million, split between approximately $143.37 million in long liquidations and $50.88 million in short liquidations.