Roughly $112 million in leveraged crypto positions were wiped out over the past 24 hours, with liquidations skewing heavily toward longs—an indication that a modest but broad pullback caught bullish traders offside and tightened short-term ‘liquidity’ across derivatives venues. Data compiled from Coinglass showed that most forced closures came from long positions as major tokens slipped between roughly 1% and 5% over the reporting window.
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