Crypto Traders Lose Big as 63,222 Positions Are Liquidated in 24 Hours

More than 63,000 crypto traders had their positions forcibly closed over the past 24 hours, according to data from CoinGlass. The total value wiped out reached approximately $195.59 million.

The liquidations spanned major exchanges including Binance, OKX, Bybit, Gate.io, and Hyperliquid. Long positions accounted for $110.14 million of that damage, while shorts contributed $85.46 million.

The near-even split between longs and shorts suggests the market was range-bound enough to catch overleveraged traders on both sides.