$176 million in crypto futures liquidated; $95.3 million from long positions

Over the past 24 hours, $176 million (approximately ₩234.6 billion) in cryptocurrency futures positions were liquidated across exchanges, with longs accounting for $95.31 million (54.1%) and shorts $80.84 million (45.9%), according to CoinGlass data released on the 2nd. Long liquidations exceeded shorts by $14.47 million, indicating slightly more pain for bullish traders despite liquidations hitting both sides. Bitcoin led with $41.20 million in liquidations, followed by Ethereum at $37.59 million, together representing 44.7% of the total. The two-sided nature of the liquidations suggests choppy, volatile price action rather than a directional move, with no single side being flushed out. Traders should watch whether BTC and ETH volatility persists and if leverage builds back up, as elevated liquidation activity on both sides often signals an unstable market that could see further whipsaw price swings.