Over the past 24 hours, $697 million in liquidations swept the market, primarily targeting long positions.

On October 7 that according to CoinGlass data, total cryptocurrency market liquidations over the past 24 hours reached $697 million, with long positions accounting for $647 million and short positions for $50.3087 million, resulting in 122,944 accounts being liquidated.

Among these, ETH liquidations totaled approximately $236 million (longs $224 million, shorts $11.8458 million), BTC liquidations amounted to around $187 million (longs $178 million, shorts $9.5293 million), SOL saw roughly $19.9234 million in liquidations (longs $19.4823 million, shorts $0.4413 million), XRP recorded approximately $18.4752 million (longs $18.0205 million, shorts $0.4547 million), ZEC experienced around $9.6038 million (longs $7.4769 million, shorts $2.1269 million), HYPE accounted for about $6.199 million (longs $6.112 million, shorts $0.087 million), and other assets combined for roughly $78.0826 million.

The largest single liquidation over the past 24 hours occurred on the ETHUSDC trading pair on Binance, valued at $26.6438 million.