Crypto Liquidations Hit $128 Million as Long Positions Drive Market Volatility

Roughly $128.57 million in leveraged cryptocurrency positions were liquidated over the past 24 hours, underlining a fresh bout of volatility that has punished traders positioned for upside. Data compiled by CoinGlass shows liquidations were skewed heavily toward bullish bets: long positions accounted for $88.73 million, or 68.9% of total liquidations, while short liquidations came in at $39.96 million, or 31.1%.