Coinglass reports $362 million in liquidations over 24 hours, with shorts exceeding longs, reflecting heightened market pressure across major cryptocurrencies.
Coinglass data indicates $362 million in total crypto liquidations in the past 24 hours, comprising $80.79 million from long positions and $282 million from shorts. The dominance of short liquidations highlights pronounced market volatility affecting leading cryptocurrencies. The imbalance between long and short positions suggests recent price movements triggered widespread short covering amid turbulent conditions.