Coinglass data reveals $349 million in liquidations over 24 hours, with short positions accounting for $212 million and a single Bybit trade losing $10 million.
Total cryptocurrency liquidations reached $349 million in the past 24 hours, according to Coinglass data. Short positions bore the brunt of the market movement, totaling $212 million, while long positions saw $137 million wiped out. The largest single liquidation event involved a $10 million BTCUSD trade on Bybit. This surge follows earlier reports of significant losses, including a Hyperliquid whale who lost over $13 million, highlighting continued instability in the digital asset market.