Long positions accounted for roughly $1.58 billion of the wipeout, while more than 272,000 traders were liquidated as Bitcoin, Ethereum and Sol fell sharply.
The crypto market recorded about $1.80 billion in liquidations over the past 24 hours, according to the provided market update. Long positions made up the vast majority at roughly $1.58 billion, compared with about $217 million in short liquidations, indicating that bullish traders were hit hardest during the sell-off. More than 272,000 traders were liquidated over the period. Bitcoin fell 4.23% to $67,139, Ethereum dropped 5.46% to $1,875, and Solana’s SOL token declined 5.6% to $75. Large liquidation events typically occur when leveraged positions are forcibly closed after prices move against traders, often accelerating volatility across the broader digital asset market.