Crypto-market contract liquidations totaled $684 million over 24 hours, according to CoinGlass data cited by PANews on Sept. 11. Short positions accounted for roughly $422 million, compared with $261 million for longs; an earlier report put short liquidations at $423 million. About 100,000 traders were affected. Ether liquidations reached $262 million, exceeding Bitcoin’s $182 million, while the largest individual liquidation was a $20.28 million ETH-USD perpetual position on Hyperliquid; an earlier report valued it at $20.2824 million. The liquidation cascade coincided with hotter-than-expected U.S. producer-price data, higher oil prices, rising bond yields and shifting Federal Reserve rate expectations. Bitcoin was trading near $77,000, and major exchanges including Binance, Hyperliquid, Bybit, OKX and Gate.io recorded substantial volume surges.