Crypto Futures Liquidations Hit Record $507 Million

Crypto futures liquidations have reached historic levels, totaling $507 million in just 24 hours. This surge was largely driven by long positions, which accounted for a staggering $361 million of the losses. In contrast, short-position liquidations only reached $146 million.

Bitcoin and Ether were among the most affected assets, with liquidations reaching $145 million and $104 million respectively. The largest single liquidation occurred on Binance-ETHUSDT, totaling $10.041 million.