Crypto Long Liquidations Hit Bitcoin And Ethereum Traders

The liquidation data revealed the scale of losses among traders betting on a market rebound. Long positions accounted for $417.93 million in forced closures, compared with $40.11 million in short liquidations. More than 103,000 traders faced liquidations during the period, while Binance represented 43.5% of the total.

Losses accumulated rapidly throughout the day. Long liquidations reached $153.58 million over four hours and climbed to $278.37 million over 12 hours, showing how quickly leveraged bullish positions came under pressure as prices declined.

Bitcoin-related liquidations totaled $140.62 million, with long positions representing 96.6% of that amount. Ethereum followed…