Data: Over $3 Billion in Liquidations Across the Network in Past 24 Hours, More Than 170,000 People Globally Liquidated

According to Coinglass data, total liquidations across the network over the past 24 hours reached $3.024 billion, with long position liquidations at $252 million and short position liquidations at $2.77 billion, surpassing the $2.4666 billion in short liquidations on 10.11, marking the largest short-squeeze day in the crypto market in nearly two years.

In the last 24 hours, a total of 171,045 people globally were liquidated, with the largest single liquidation order occurring on Hyperliquid - BTC-USD valued at $48.8049 million.