28-7-2025 – The cryptocurrency market experienced $137 million in contract liquidations over the past 24 hours, with long positions bearing the brunt at $81.41 million, according to data from Coinglass. Short positions accounted for $55.65 million, reflecting heightened volatility across major assets. Bitcoin saw $6.07 million in liquidations, while Ethereum recorded a heftier $41.12 million.
The liquidations signal a turbulent period for traders, with Ethereum’s losses notably higher than Bitcoin’s, likely driven by its recent price swings around $3,750. Long positions, which bet on price increases, dominated the liquidations, suggesting many traders were caught off-guard by sudden market dips.
