A post by @PANewsCN on X.

Crypto futures liquidations totaled $1.233 billion across the market in the past 24 hours, with long positions accounting for $1.089 billion and shorts just $144 million, according to CoinGlass data cited by PANews. Bitcoin led the damage at $677 million in liquidations, followed by Ethereum at $191 million. The largest single liquidation was a $31.09 million BTC-USD position on Hyperliquid. The long-heavy split signals a leveraged upside flush rather than a broad deleveraging, leaving traders watching whether BTC can hold key support and whether funding rates reset enough to curb further forced selling.