Crypto market sees over $387 million in liquidations in 24 hours, long positions account for over 80%

CoinFeed July 8 news, according to CoinGlass data, over the past 24 hours, the global crypto futures market saw approximately $387 million in liquidations, involving 138,904 traders, of which long liquidations were about $313 million, accounting for about 80.71%. Binance had the largest liquidation scale at about $189 million, followed by Hyperliquid at about $58.69 million, OKX at about $46.81 million, and Bybit at about $33.70 million. The largest single liquidation occurred on Binance's ETHUSDT contract, worth about $7.2448 million. BTC and ETH recorded liquidations of about $79.84 million and $81.26 million respectively in 24 hours, mainly concentrated in the long direction.