Over the past 24 hours, $123 million was liquidated across the crypto market, with both longs and shorts wiped out.

On October 27, data from CoinGlass showed that over the past 24 hours, a total of 62,612 traders were liquidated industry-wide, with total liquidations reaching $123 million. Long positions accounted for $61.5102 million in liquidations, representing 50.1%; short positions accounted for $61.219 million, representing 49.9%.

By coin, Ethereum (ETH) accounted for approximately $23.2326 million in liquidations, with short positions comprising 58.4%; Bitcoin (BTC) accounted for approximately $23.0452 million, with long positions comprising 51.2%; Other (other coins) accounted for approximately $15.5876 million, with long positions comprising 63.3%.

The largest single liquidation over the past 24 hours occurred on the BTC-USD trading pair on Hyperliquid, involving a short position valued at approximately $1.8501 million, which was liquidated at a price of $80,700.00. Binance accounted for 51.9% of the total market liquidations.