The past 24 hours have been brutal for leveraged traders, with long positions bearing the brunt of the damage. Total liquidations across the crypto market reached approximately 316.6 million dollars, with long positions accounting for 201.2 million dollars while shorts represented 115.4 million dollars. That means liquidated longs exceeded shorts by roughly 85.8 million dollars, with long liquidations making up about 63.5 percent of the total.

The past 24 hours have been brutal for leveraged traders, with long positions bearing the brunt of the damage. Total liquidations across the crypto market reached approximately 316.6 million dollars, with long positions accounting for 201.2 million dollars while shorts represented 115.4 million dollars. That means liquidated longs exceeded shorts by roughly 85.8 million dollars, with long liquidations making up about 63.5 percent of the total.

The largest single liquidation event involved an Ethereum position worth approximately 3.91 million dollars.

Bitcoin and Ethereum remain the primary contributors to the total liquidation figure. This reflects a market where leveraged positions on both sides are being squeezed as prices move within a tight range, wiping out positions in both directions and contributing to ongoing volatility.

For traders on Gate, these figures serve as a stark reminder of the risks inherent in leveraged trading. When the market moves against a position, liquidation occurs automatically, and the losses can be substantial. The disparity between long and short liquidations indicates that the market has been moving against bullish positions more aggressively in this session.