In the past 24 hours, $396 million was liquidated across the entire network, w

Over the past 24 hours, cryptocurrency liquidations across the market totaled $396 million, affecting 96,160 traders, according to CoinGlass data. Long positions accounted for $322 million, or 81.3% of the total, while short liquidations reached $73.9 million. Bitcoin led with about $107 million in liquidations (82.4% longs), followed by Ethereum at roughly $59.9 million (66.0% longs) and other tokens at $52.4 million (81.8% longs). The largest single liquidation was an $8.78 million BTCUSDT position on Binance, which alone accounted for 48.6% of all liquidations. The long-heavy skew signals that leveraged bullish positioning was caught offside by a price pullback, and traders will watch whether funding rates and open interest reset or expose further downside liquidation risk.