In the past 24 hours, total liquidations across the network reached $827 million, with short positions dominating.

Crypto liquidations totaled $827 million across the network in the past 24 hours, affecting 112,511 traders, with short positions accounting for 57.2% ($473 million) and long positions 42.8% ($354 million), according to CoinGlass data. Bitcoin liquidations reached $326 million, of which 71.4% were shorts, while Ethereum saw $230 million liquidated, 55.1% from shorts, and other tokens accounted for $59.25 million, 67.7% from longs. The largest single liquidation was a $37.99 million ETH-USDT position on HTX, and Binance accounted for 39.7% of total liquidation value. The short-heavy skew indicates a sharp upward price move forced bearish traders to close positions, amplifying buying pressure across major tokens. Traders will watch whether BTC and ETH hold their gains or reverse, which would shift liquidation risk back toward longs.