Crypto Liquidations Reach $178 Million in 24 Hours as Longs and Shorts Face Losses

Crypto liquidations over the past 24 hours were reported at two different levels, with one account citing roughly $178 million and another citing $154 million. Both describe a volatile, leverage-driven market in which traders on both sides were forced out of positions. The newer figures break the $154 million total into $87.77 million in long liquidations and $66.56 million in short liquidations, indicating bullish bets took the larger losses during the session. Bitcoin led individual asset liquidations at $40.65 million, followed by Ethereum at $29.49 million. Taken together, the reports point to unstable short-term trading conditions, sharp reversals, and broad forced deleveraging rather than a clean one-way market move.

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