Crypto futures liquidations totaled $240 million across the market over the 24 hours reported on Sept. 6, according to CoinGlass data cited by PANews. Short positions accounted for $155 million of the total, compared with $84.8924 million in liquidated long positions. Bitcoin liquidations reached $23.4011 million, while Ethereum liquidations totaled $46.3504 million. The largest single liquidation occurred on GATE in the ETH_USDT contract and was valued at $5.0965 million. Liquidation occurs when an exchange forcibly closes a leveraged position after losses breach the required margin.