Crypto liquidations hit $609 million in 24 hours, 71% were longs
- —Total 24-hour liquidations reached $609 million
- —Longs lost $431 million, shorts $178 million
- —ETH liquidations hit $188 million, BTC $171 million
- —Largest single liquidation: $19.98 million on Hyperliquid (ETH-USD)
Why it matters: The dominance of long liquidations signals a sharp downside move and points to elevated near-term volatility.
Source: PANews