Total crypto futures liquidations reach $476M in past 24 hours, mainly shorts

CoinFeed July 7 news, according to CoinGlass data, in the past 24 hours, total liquidations in the cryptocurrency futures market were approximately $476 million, with about 99,400 traders forcibly liquidated, of which short liquidations were about $294 million and long liquidations about $181 million. The largest single liquidation occurred on the Binance ETHUSDT contract, amounting to approximately $11.6 million. By exchange statistics, Binance liquidations were about $199 million, ranking first, followed by Hyperliquid about $72.6 million, Bybit about $65.4 million, Gate about $57 million, and OKX about $39.2 million.