Digital Assets See $1.263B in Liquidations Over 24 Hours, Long Positions Hit Hardest

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According to Coinglass data cited by ChainCatcher, $1.263 billion in positions were liquidated in the past 24 hours, with long positions accounting for $978 million and short positions $285 million. Bitcoin long liquidations reached $318 million, while Ethereum long liquidations hit $279 million. Over the same period, 262,078 traders were liquidated globally, with the largest single liquidation occurring on Bybit's BTCUSD contract at $9.30 million.
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