Crypto market liquidations reach $314 million in past 24 hours, longs slightly dominate

CoinFeed reported on July 6, according to CoinGlass data, in the past 24 hours, a total of 78,908 contract traders were liquidated globally, with total liquidations of approximately $314 million, including about $180 million in longs and $134 million in shorts, with longs accounting for about 57%. The largest single liquidation occurred on the Hyperliquid platform's BTC-USD contract, amounting to about $5.69 million. By exchange, Binance topped with about $136 million in liquidations, followed by Hyperliquid at about $48.06 million, Bybit at about $36.98 million, OKX at about $27.84 million, and Gate at about $24.51 million. BTC and ETH were the main liquidation assets, recording about $137 million and $70.11 million in liquidations respectively in the 24-hour period.