According to Coinglass data, the crypto derivatives market posted total liquidations of $343 million over the last 24 hours, split into $122 million in long liquidations and $221 million in short liquidations. The broad unwind underscores heightened intraday risk across key asset pairs, including BTC-USD, as traders reassess leverage amid sustained volatility. Market participants note the pace of margin calls can amplify moves, impacting liquidity across major exchanges.

Global activity tallies 119,766 liquidations in the period. The largest single liquidation occurred on Hyperliquid – BTC-USD, valued at $8.266 million, highlighting concentrated risk at a single venue amid ongoing market stress.