Bitcoin Bulls Take the Biggest Hit in a $1.49 Billion Crypto Liquidation Day

Crypto traders lost $1.49 billion to forced liquidations over the past 24 hours, Coinglass data showed, with bullish Bitcoin bets absorbing the heaviest losses. Long positions, or bets on rising prices, accounted for $1.29 billion, or 86.8%, of the total, and 243,456 traders were forced out; Bitcoin liquidations reached $475.19 million, 87.6% from longs, while Ethereum accounted for $330.59 million, 84.7% from longs. The closures followed a broad price decline that pushed leveraged long positions past their margin limits, with Bitcoin at $77,111, down 4.67%, and Ethereum at $2,218, down 5.40%. Hyperliquid rose 12.74% to $90.37, and its $30.86 million in liquidations came mostly from short sellers.