The latest market move triggered a larger wave of forced closures, with long positions accounting for most losses and Bitcoin and Ether leading liquidations across major crypto assets.
The crypto market recorded $431 million in liquidations over the past 24 hours, a sharp increase from the previously reported $244 million, underscoring continued volatility in leveraged trading. Long positions accounted for $341 million of the total, while short positions made up $90.15 million. Bitcoin led liquidations with $111 million, followed by Ether at $90.79 million.