Cryptocurrency Market Liquidates Over $66 Million in 24 Hours, Short Position Risks Highlighted

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According to Coinglass data, crypto market liquidations have been frequent over the past 24 hours. Statistics show that a total of 67,749 people suffered losses due to liquidations, with total losses reaching $66.6195 million.

In terms of position distribution, long liquidations amounted to $26.4221 million, while short liquidations reached $40.1974 million, accounting for over 60% of the total liquidations. This phenomenon reflects that short positions are relatively more at risk. The largest liquidation occurred on the Hyperliquid platform for the ORCL-USD trading pair, with a single loss of $893,600, making it the most shocking liquidation case of the day.

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