$265 million liquidated across the entire market in the past 24 hours, long and short positions both blown out

TechFlow, according to Coinglass data, the total liquidation amount in the cryptocurrency market over the past 24 hours reached $265 million, including $148 million in long positions and $117 million in short positions.

BTC liquidations amounted to $47.51 million, ETH liquidations reached $52.09 million, and XRP liquidations totaled $11.98 million. A total of 124,153 people were liquidated within the past 24 hours, with the largest single liquidation occurring on the ETH-USDC pair at Binance, valued at $2.58 million.