Crypto liquidations totaled $197 million across the market in the past 24 hours, according to Coinglass data. According to ChainCatcher, long positions accounted for $133 million of the total, while short positions made up $64.76 million.

Bitcoin long liquidations reached $41.12 million, and Bitcoin short liquidations were $6.49 million. Ethereum long liquidations totaled $18.49 million, while Ethereum short liquidations came to $11.37 million.

A total of 75,773 traders were liquidated globally over the same period. The largest single liquidation occurred on Hyperliquid's BTC-USD pair and was valued at $1.81 million.