$81.1781 million in gifts liquidated in 24 hours… longs account for 66.8%

Crypto futures liquidations totaled $81.18 million over the past 24 hours, with long positions accounting for roughly 66.8% of the forced closures, according to CoinGlass data. Long liquidations reached $54.21 million versus $26.96 million for shorts, meaning longs exceeded shorts by $27.25 million, or about 2.01 times. The skew toward long liquidations signals that leveraged bullish traders were caught offside during the session's price action. Liquidation occurs when a position's margin falls below maintenance requirements, forcing exchanges to close it. Traders should watch whether the long-heavy flush marks a short-term deleveraging or precedes further downside pressure on spot prices.