Crypto Markets See $207M Liquidations in 24 Hours, Shorts Hit $147M: Coinglass

According to Coinglass data, the cryptocurrency market experienced $207 million in liquidations over the past 24 hours as of July 5, with short positions accounting for $147 million and long positions $59.98 million.

Bitcoin saw long liquidations of $10.42 million against short liquidations of $50.19 million, while Ethereum recorded long liquidations of $18.22 million and short liquidations of $50.63 million. The largest single liquidation occurred on Bybit's BTC/USD pair, valued at $6 million, as a total of 65,284 traders were liquidated during the period.