TechFlow News, May 31: According to CoinGlass data, the total liquidation amount across the cryptocurrency market over the past 24 hours reached $111 million, including $61.6996 million in long-position liquidations and $49.7262 million in short-position liquidations.
Among these, Bitcoin (BTC) liquidations totaled $8.6954 million ($5.6986 million in long positions and $2.9968 million in short positions); Ethereum (ETH) liquidations totaled $10.4279 million ($7.6646 million in long positions and $2.7633 million in short positions); and Solana (SOL) liquidations totaled $2.5154 million ($2.0019 million in long positions and $0.5135 million in short positions).
A total of 63,819 traders were liquidated over the past 24 hours. The largest single liquidation occurred on Bybit’s ETH/USDT trading pair, valued at $798,200.
