Crypto Market Suffers Record Liquidations of $275 Million Over 24 Hours

Crypto market liquidations have reached $275 million over the past 24 hours. This marks a significant increase in the number of traders who have seen their positions liquidated due to losses.

A total of 77,336 traders had their positions liquidated during this period, with long-position liquidations slightly exceeding short-position losses across derivatives markets.

Long liquidations totaled $137 million, while short liquidations reached $138 million. Bitcoin (BTC) long liquidations came to $45.72 million, compared with $20.47 million in short liquidations.

Ether (ETH) long liquidations totaled $27.89 million, while short liquidations reached $28.07 million. The largest single liquidation was a $2.25 million order on Binance's ETHUSDT market.