About 103,200 traders were affected as long positions accounted for most of the wipeout, while Binance recorded the largest exchange total and the biggest single liquidation on its BTCUSDT contract.
Crypto derivatives liquidations totaled about $409 million over the past 24 hours, according to CoinGlass, with roughly 103,200 traders affected. Long positions accounted for about $340 million of the total, compared with about $69.15 million in short liquidations, showing the market move primarily hit bullish leveraged bets. Binance led exchanges with about $171 million in liquidations, and the largest single liquidation was a roughly $3.0183 million BTCUSDT contract on Binance.