Crypto Liquidations Near $1 Billion as Longs Take the Majority of Losses

Crypto Insight Summary: Crypto traders saw $942.1 million in leveraged positions liquidated over the past 24 hours, according to Coinglass data. Long positions accounted for $863.3 million, or 91.6% of the total. The wipeout arrived as the broader market fell. Total crypto market capitalization dropped 4.96% in 24 hours to $2.76 trillion, per BeInCrypto Markets data.  Ethereum Longs Crypto Insight Analysis: Direction: Bearish ETH / Bearish BTC / Bearish Altcoins Impact: Major Impact Horizon: Short-term (1-3 days) Reasoning: Massive long liquidations and 4.96% market cap drop signal strong bearish momentum.