In the past 24 hours, the crypto market experienced a total of $458 million in liquidations.

Among them, long positions accounted for $374.7 million, indicating significant pressure on bullish positions; short positions liquidated amounted to $83.3 million. This asymmetric distribution of liquidations reflects the fragility of the bullish forces in the market.

Long liquidations made up 81.8% of the total liquidation amount, suggesting that bullish traders faced greater impact during recent market volatility. Such large-scale liquidations are often accompanied by sharp price declines, triggering a large number of stop-loss orders and margin calls. Traders should pay attention to key support levels of major cryptocurrencies like Bitcoin and Ethereum to prevent further market downturns.