Crypto Market Records $41.47M in Liquidations Over Past Hour, Longs Account for $40.48M

The cryptocurrency market saw $41.47 million in liquidations over the past hour, with long positions accounting for $40.48 million and short positions $990,000, Coinglass data show. Over the past 24 hours, 160,289 traders were liquidated globally, totaling $539 million. The largest single liquidation occurred on Hyperliquid's BTC-USD pair, valued at $8.5337 million.