In the past 24 hours, total liquidations across the network reached $836 million, with long positions dominating the liquidations.

Crypto liquidations totaled $836 million across the network in the past 24 hours, affecting 179,235 traders, with long positions accounting for $691 million, or 82.7%, of the total, according to CoinGlass data. Bitcoin liquidations reached about $220 million (84.9% longs), Ethereum about $146 million (84.0% longs), and other tokens roughly $118 million (82.8% longs). The largest single liquidation was a $10.94 million ETHUSDT position on Binance, which alone accounted for 42.4% of network-wide liquidations. The long-heavy skew signals that leveraged bullish positioning was caught offside by a downward move, amplifying spot selling through forced deleveraging. Traders will watch whether funding rates reset and open interest stabilizes, or whether further downside triggers another cascade of long liquidations.