Crypto liquidations reach $165 million in 24 hours, led by Binance

Crypto derivatives liquidations totaled about $165 million over the past 24 hours, affecting 74,394 traders, CoinGlass data showed. Binance accounted for the largest share at roughly $82.90 million, followed by OKX with about $21.16 million, Bybit with around $16.22 million and Hyperliquid with roughly $15.30 million. The biggest single liquidation occurred on Binance's ETHUSDT contract, at about $3.23 million. Overall losses were almost evenly divided between long positions (bets on prices rising) at about $81.82 million and short positions (bets on prices falling) at about $83.47 million, pointing to broadly balanced pressure on both sides of the market.

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