Crypto liquidations reach $380 million in 24 hours

Crypto markets recorded $380 million in liquidations, or forced closures of leveraged positions, over the past 24 hours, according to Coinglass data cited by ChainCatcher. Long positions accounted for $308 million, while short positions totaled $71.9336 million. Bitcoin long liquidations reached $119 million and short liquidations $21.0118 million. Ethereum long liquidations totaled $72.352 million, compared with $19.4557 million for short positions. Globally, 81,561 traders were liquidated, with the largest single liquidation valued at $11.668 million on Binance's ETHUSDT market.