Crypto Liquidations Hit $128 Million as Long Positions Dominate Market Flush

Crypto derivatives saw $128.64 million in liquidations over 24 hours, with long positions hit hardest at $100.95 million versus $27.69 million in shorts. The imbalance shows 78.5% of liquidations were longs, as volatility rose and crowded bullish bets were unwound, according to CoinGlass data.