Crypto market liquidations reach $185 million in 24 hours as long-short battle intensifies

CoinFeed July 3 news, according to CoinGlass, in the past 24 hours, the global crypto futures market had a total of about 66,500 traders liquidated, with a total liquidation amount of approximately $185 million. Shorts accounted for $102 million and longs $83.29 million, overall dominated by shorts. The largest single liquidation occurred on OKX's BTC-USDT perpetual contract, amounting to about $4.57 million. Among exchanges, Binance had the largest liquidation volume at about $94.6 million, followed by OKX, Hyperliquid, Bybit, and Gate.