Global Crypto Market Sees $362 Million in Liquidations as Bitcoin and Ethereum Lead Losses

The assessment of "likely_true" with high confidence is based on strong, consistent, and corroborating evidence from multiple high-authority sources.First, the quantitative claim of "$646 million in liquidations" is directly substantiated by the most relevant and authoritative source provided, which reports that crypto markets liquidated "nearly $646 million." This specific figure is also consistently mentioned across four other reports from the same high-authority publisher, reinforcing its accuracy.Second, the qualitative claim that "the majority of those liquidations being long positions" is also strongly supported. The primary source specifies that '$500m bullish bets' (long positions) were liquidated, which constitutes a clear majority of the $646 million total. This is further corroborated by another high-authority source that explicitly identifies a "wave of liquidations of leveraged long positions" as a primary driver for the market crash. A third relevant source also reinforces this by reporting hundreds of millions in leveraged long positions being liquidated during the event.There are no contradictions among the relevant sources. While some sources were irrelevant or lacked detail, the most credible and relevant articles align to confirm both parts of the statement. The combined weight of direct reporting and corroborating evidence from multiple credible outlets makes the statement highly probable.