24-hour liquidation 1.6688 trillion won… long positions 88.8%

Crypto derivatives markets saw $1.238 billion (1.6688 trillion won) in forced liquidations over the 24 hours to 10:41 a.m. KST on the 6th, affecting 235,344 traders, according to CoinGlass. Long positions accounted for $1.099 billion (1.4815 trillion won), or roughly 88.8% of the total, while short liquidations totaled just $139 million (187.4 billion won). The lopsided long washout signals that leveraged bulls were caught offside by a downward price move, amplifying selling pressure through forced position closures. Watch whether funding rates reset and open interest stabilizes in the coming sessions, or whether continued long liquidations extend the deleveraging across major perpetual futures venues.