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

TechFlow reported that 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.