CoinAnk states that short-position losses exceeded long-position losses, with Bitcoin and Ethereum accounting for most of the market-wide liquidations.
The crypto market recorded $436 million in liquidations over the past 24 hours, according to CoinAnk. Short positions made up the larger share at $296 million, compared with $141 million in long positions, indicating that traders betting on lower prices were hit harder during the period. Bitcoin led the liquidations with $204 million, followed by Ethereum at $106 million, showing that the two largest cryptocurrencies drove most of the forced position closures.