The crypto market experienced a significant deleveraging event in the past 24 hours, with over $326.58 million in leveraged positions being flushed out.
The largest share of this damage came from long positions, accounting for $200.55 million or 62% of the total, while short positions made up the remaining $125.5 million or 38%.
Binance processed the largest share of liquidations at roughly $8.23 million, with short positions making up 57.84% of that figure.
Bitcoin recorded the heaviest coin-level liquidations, with a four-hour spike reaching approximately $71.38 million as it drifted lower towards the $62,000 handle.