The crypto derivatives market recorded $98.2933 million in total liquidations over the past 24 hours, with long position holders absorbing roughly two-thirds of the losses as prices slipped across major assets. The flush wiped out 60,849 trading accounts, confirming that overleveraged bulls were caught on the wrong side of a sustained downward move.

$98.29M Wiped Across the Network in 24 Hours, Longs Bear the Majority

According to CoinGlass data aggregated by ChainCatcher, total network-wide liquidations reached $98.2933 million in the 24-hour window ending March 29. Long positions accounted for $65.26 million of that total, representing 66.4% of all liquidated value.

CoinGlass 24-hour liquidation data — Source: coinglass.com
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