According to CoinGlass and the provided market update, more than 120,000 traders were liquidated in 24 hours, with long positions driving most losses as Bitcoin, Ethereum, and Solana remained under pressure.
Crypto derivatives markets saw more than $560 million in liquidations over the past 24 hours, with the newer update reporting $368 million in long liquidations and $192 million in short liquidations, affecting more than 120,000 traders. An earlier CoinGlass snapshot captured $112 million in total liquidations over four hours, including $96.28 million in longs and $15.65 million in shorts, with Bitcoin posting $27.7 million and Ethereum $22.28 million in that shorter window. At the time of the newer update, Bitcoin traded at $75,733, Ethereum at $2,247, and Solana at $82. Across both reports, bullish leveraged traders absorbed the larger share of losses, underscoring how forced closures can amplify short-term market volatility.