Crypto Longs Account for $104 Million of $188 Million in Liquidations

Crypto markets recorded $188 million in liquidations over a 24-hour period, with long positions accounting for the larger share even though Ether (ETH) saw more short liquidations.

Long liquidations totaled $104 million, while short liquidations reached $84.12 million.

Bitcoin (BTC) followed the marketwide pattern, with $30.87 million in long liquidations and $18.60 million in short liquidations. Ether showed the opposite split: Its short liquidations totaled $26.54 million, compared with $22.86 million in long liquidations.