In the past 24 hours, total liquidations across the network reached $495 million, with long positions dominating the liquidations.

Crypto liquidations across exchanges totaled $495 million in the past 24 hours, affecting 96,218 traders, with long positions accounting for $367 million (74.0%) and shorts $129 million (26.0%), according to CoinGlass data. Ethereum led with $153 million in liquidations (63.3% longs), followed by Bitcoin at $137 million (84.7% longs) and ZEC at $39.6 million (88.2% longs), while other tokens added $28.45 million (70.4% longs). The largest single liquidation was a $31.52 million ETH-USDT short on HTX at a price of $2,020.42, and Binance accounted for 38.1% of total liquidation value. The long-heavy skew signals that leveraged bullish positioning was caught offside in a sharp downside move. Traders will watch whether ETH and BTC funding and open interest reset enough to stabilize price action, and whether Binance's outsized share of liquidations persists in the next session.