According to CoinAnk, 24-hour crypto liquidations rose to $262 million, with short positions driving most losses and Bitcoin and Ethereum each accounting for nearly $40 million.
According to CoinAnk, the crypto market recorded $262 million in liquidations over the past 24 hours, up from an earlier reported $148 million. Short positions accounted for the larger share at $164 million, compared with $98.87 million in long positions. By asset, Bitcoin saw $39.76 million in liquidations and Ethereum recorded $39.57 million, both higher than earlier figures of $25.86 million and $18.81 million respectively. Liquidations occur when exchanges forcibly close leveraged positions after traders can no longer meet margin requirements, making the data a closely watched indicator of short-term volatility and which side of the market was more exposed.