Crypto liquidations hit $257 million in 24 hours, with the largest single order on Binance ETHUSDT

Crypto derivatives markets saw $257 million in liquidations over the past 24 hours, according to Coinglass data cited by ChainCatcher. Long positions accounted for $171 million of that total, while short liquidations came in at $85.5444 million. Bitcoin liquidations included $31.573 million in longs and $23.5364 million in shorts. Ether recorded larger long-side losses, with $68.8588 million in long liquidations and $17.6479 million in short liquidations over the same period. The data also showed that 69,273 traders were liquidated globally in the last 24 hours. The largest single liquidation order occurred on Binance in the ETHUSDT trading pair, with a value of $9.2108 million. The figures provide a snapshot of recent volatility in the crypto derivatives market, with losses concentrated more heavily on the long side during the period covered by Coinglass.