The crypto market went through another intense shakeout over the last 24 hours, with total liquidations climbing to $124 million. Short sellers took the heavier hit, losing around $80.18 million, while long traders were wiped out for roughly $44 million.

Bitcoin saw a clear imbalance: long positions lost about $1.8 million, but short positions were crushed for more than $16 million, signaling sharp downside pressure catching bears off guard. Ethereum followed a similar pattern, with nearly $2.93 million in long liquidations and close to $7 million erased from short positions.

Overall, 106,559 traders were forced out of their positions worldwide during this period. The single biggest blow came from Hyperliquid’s BTC-USD market, where one liquidation alone reached a massive $3.54 million — a stark reminder of how unforgiving leverage can be in volatile conditions.$BTC $ETH

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