Crypto markets saw $611 million in liquidations over the past 24 hours, according to data cited by BlockBeats from Coinglass on July 29. Long positions accounted for the bulk of the wipeout, with $511 million liquidated, while short positions made up $99.62 million. The figures indicate that long traders took the larger hit during the period. As a market snapshot, the update focuses on the scale and breakdown of liquidations rather than offering any broader interpretation beyond the data reported by Coinglass.
BlockBeats reported on July 29, citing Coinglass data, that total crypto liquidations reached $611 million over the past 24 hours.
Of that amount, $511 million came from long positions and $99.62 million from short positions, with longs accounting for the larger share of liquidations.
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