Over $2.5 Billion Liquidated Across Markets in 24 Hours, Long Positions Take the Biggest Hit

Massive Liquidations Amid Market Turbulence

Recent data shows that the crypto market experienced significant turbulence over the past 24 hours, with total liquidations reaching $2.544 billion. Long positions were hit particularly hard, accounting for $2.404 billion in losses, while shorts absorbed $142 million. This indicates a strong bearish pressure on current market sentiment.

Key Assets Facing Liquidation

Ethereum (ETH) was the hardest hit, with over $1.136 billion in long positions liquidated. Bitcoin (BTC) followed closely with $774 million in liquidations. Analysts warn that market volatility remains high and investors should proceed with caution.