Crypto Market Records $516 Million in 24-Hour Liquidations

According to CoinAnk, the crypto market recorded $516 million in liquidations over the past 24 hours, including $355 million in shorts and $161 million in longs, with Bitcoin accounting for $160 million and Ethereum for $77.72 million. Coinglass separately reported $62.84 million in liquidations over the past hour, driven largely by $59.60 million in long liquidations, with Ethereum at $29.60 million and Bitcoin at $23.64 million. Together, the reports indicate sharp volatility across crypto derivatives markets, with the 24-hour window hitting short sellers harder overall while the most recent hourly move primarily impacted leveraged longs.

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