More than 120,000 traders were liquidated as long positions accounted for the larger share of losses, with Bitcoin, Ethereum, and Solana trading at $75,733, $2,247, and $82 respectively.
The crypto market recorded more than $560 million in liquidations over the past 24 hours, according to the provided market update. Long positions lost $368 million, while short positions accounted for $192 million in liquidations, indicating that bullish traders took the heavier hit during the move. More than 120,000 traders were liquidated across the market. At the time of the update, Bitcoin traded at $75,733, Ethereum at $2,247, and Solana at $82. In crypto derivatives markets, liquidations happen when exchanges forcibly close leveraged positions after traders can no longer meet margin requirements, often amplifying short-term volatility.