Crypto Liquidations Reach $297 Million as Shorts Take Bigger Losses

Crypto derivatives liquidations totaled $297 million over a 24-hour period, with short positions accounting for a larger share than longs.

Short liquidations reached $168 million, compared with $128 million in long liquidations. The reported side totals add up to $296 million because the figures are rounded.

Ether (ETH) accounted for $100 million in liquidations, while Bitcoin (BTC) totaled $76.1 million. The largest single liquidation order was worth $11.96 million on Binance’s BTCUSDT market.