**Crypto Liquidation Surge Wipes Out $559M in 24 Hours—Long Positions Face the Brunt**

The past 24 hours marked a turbulent session in the cryptocurrency market, with liquidation positions hitting a staggering $559 million according to Coinglass data. What stands out is the stark imbalance in the carnage: bullish traders absorbed the majority of losses, with long positions accounting for $490 million in liquidations, while their bearish counterparts lost a comparatively modest $68.297 million. This lopsided ratio reveals where the pain concentrated during this volatile window.

**Bitcoin and Ethereum Lead the Liquidation Bloodbath**

Bitcoin didn't escape the wave unscathed, facing $126 million in clearances across its positions. However, Ethereum bore an even heavier toll, with liquidations reaching $156 million—suggesting heightened leverage activity and potentially sharper price swings in the second-largest asset. The disparity underscores how liquidation intensity isn't always proportional to trading volumes; market structure and leverage concentration play crucial roles.

**191,313 Traders Caught Off Guard**

Beyond the dollar figures lies a human story: 191,313 individual participants were liquidated throughout this period. Each number represents a trader whose stop-losses triggered, margin calls went unmet, or positions simply couldn't withstand the market's directional swing. On HTX exchange alone, a single BTC-USDT trade witnessed a jaw-dropping liquidation event of $33.9587 million—the day's largest single blow, indicating someone had taken an outsized, leveraged bet that went catastrophically wrong.

This data snapshot reveals the double-edged nature of leverage in crypto markets: amplified gains when directional conviction proves correct, but equally amplified losses when momentum shifts.