24-hour virtual asset liquidations 1.6448 trillion won… longs 1.4527 trillion won

Crypto derivatives markets saw $1.233 billion in liquidations over the past 24 hours, with long positions accounting for the bulk at $1.089 billion versus $144 million in shorts, according to CoinGlass data. Bitcoin led with $677 million in total liquidations and Ethereum followed at $191 million, while the largest single liquidation was a $31.09 million BTC-USD contract on Hyperliquid. The long-heavy split signals that leveraged bulls were caught offside by a downward price move, amplifying losses across major tokens. Traders will watch whether funding rates reset and open interest stabilizes, or whether continued volatility triggers another cascade of forced selling.