
Long positions accounted for most of the latest forced closures, while Bitcoin and Ethereum led liquidation totals during the 24-hour period.
The crypto market recorded $299 million in liquidations over the past 24 hours, a sharp increase from the previously reported $73.13 million. Long positions accounted for $197 million of the total, while short positions made up $102 million. Bitcoin led with $122 million in liquidations, followed by Ethereum at $82.52 million, showing that the largest forced closures were concentrated in the two biggest cryptocurrencies.