Crypto Liquidations Reach Record $287 Million in Past Day

Total liquidations across cryptocurrency exchanges reached $287 million in the past 24 hours, according to data from ChainCatcher and Coinglass. Long positions were liquidated at $226 million, while short positions totaled $61.2 million.

In terms of specific assets, Bitcoin long positions were liquidated for $67.45 million, with Bitcoin short positions totaling $15.26 million. Ethereum long positions saw liquidations of $34.05 million, and Ethereum short positions were liquidated at $23.07 million.

The largest single liquidation occurred on an exchange's ETHUSDT pair for $4.01 million. The data suggests a significant amount of selling pressure in the market over the past 24 hours, although it does not provide context or predictions about future trends.