In the past 24 hours, total liquidations across the network reached $379 million, with long positions dominating the liquidations.

Crypto liquidations totaled $379 million across exchanges in the past 24 hours, affecting 86,334 traders, with long positions accounting for $292 million (77%) of the total, according to CoinGlass data. Ethereum longs led at roughly $126 million (84.6% longs), followed by Bitcoin at about $91.69 million (78.7% longs), SOL at $23.59 million (95.5% longs) and other tokens at $27.05 million. Binance accounted for 42.9% of all liquidations, and the largest single liquidation was a $14.31 million BTC-USD long on Hyperliquid at a price of $73,519. The long-heavy skew signals that leveraged bullish positioning was caught offside in a downside move, underscoring how crowded directional bets can amplify cascading sell-offs. Traders will watch whether funding rates reset and open interest cools on Binance and Hyperliquid, or whether further volatility triggers another round of forced deleveraging.