Longs Took 88.6% of $1.24 Billion in Crypto Liquidations

Crypto liquidations hit $1.24 billion in 24 hours, with longs absorbing 88.6% of losses. Bitcoin slid 6.4% and Ether fell 8.9% amid a global equity selloff. The sharp drop triggered widespread forced selling, highlighting market volatility as risk appetite weakened across both crypto and traditional assets.