Crypto Liquidations Hit $326 Million as Long Positions Wipe Out 87%

Roughly $326.71 million in leveraged crypto positions were liquidated over the past 24 hours, with losses skewing heavily toward bullish bets—an indication that a sudden downside move caught a crowded long market off guard. Data compiled from CoinGlass shows long liquidations totaled about $285.87 million, accounting for 87.5% of the wipeout, while short liquidations reached roughly $40.84 million, or 12.5%.