Crypto liquidations hit $340M in 24 hours, shorts account for the bulk

Total crypto positions liquidated over the past 24 hours reached $340 million, according to Coinglass data cited by ChainCatcher. Long liquidations totaled $126 million, while shorts came in at $214 million. Bitcoin saw $19.91 million in long liquidations and $89.85 million in shorts. Ethereum recorded $33.16 million in long liquidations and $61.31 million in shorts.