**Cryptocurrency Liquidation Surge: $559 Million in 24-Hour Market Carnage**

The crypto liquidations in the past 24 hours painted a stark picture of volatile market conditions. According to Coinglass tracking data, the liquidation cascade across major trading platforms totaled $559 million, signaling intense forced position closures that swept across the landscape.

The imbalance between bullish and bearish traders proved decisive. Long position liquidations dominated the carnage, accounting for $490 million of the total damage, while short position liquidations contributed a comparatively smaller $68.297 million. This 7:1 ratio suggests that leveraged buyers bore the brunt of the market's downturn, facing cascading margin calls as prices slipped.

Bitcoin and Ethereum, the market's heavyweights, each experienced substantial liquidation events. Bitcoin saw $126 million in clearances, while Ethereum faced a more severe $156 million liquidation cascade—indicating that second-tier assets attracted even more aggressive liquidation activity during the selloff.

The human toll of these crypto liquidations extended far beyond abstract numbers. A staggering 191,313 traders experienced liquidation across all pairs during the 24-hour window, representing countless positions wiped from existence. Perhaps most striking was the single largest liquidation event: a colossal $33.9587 million position on the BTC-USDT pair on HTX, a one-off wipeout that underscored the dangers of extreme leverage in volatile markets.