Crypto Liquidations Hit $399M in 24 Hours, Longs Bear Brunt

According to Coinglass data, crypto markets recorded $399 million in total liquidations over the past 24 hours. Long positions accounted for $276 million of that total, while short position liquidations came to $123 million. Longs therefore took roughly 69% of the hit — about 2.2 times the short-side total. Bitcoin long liquidations reached $53.91 million, compared with $32.92 million for bitcoin shorts, for a combined figure near $86.84 million. Ethereum saw even larger losses: $73.35 million in long liquidations and $51.47 million in short liquidations added up to about $124.82 million, roughly $38 million more than bitcoin. Ethereum's long-side losses also exceeded bitcoin's by about $19.44 million. The liquidation data shows 99,028 traders were wiped out globally during the 24-hour period. The single largest liquidation order occurred on the Aster - ETHUSDT pair, valued at $6.13 million. With long losses outpacing short losses on both assets, bitcoin and ethereum together accounted for about 53% of the market-wide liquidation total over the past day.