Over $421 million in liquidations occurred in the past 24 hours, with the largest single liquidation of BTCUSD on Bybit reaching $13 million.

According to Coinglass, as reported by Odaily Planet Daily, 124,896 people were liquidated in the global cryptocurrency market in the past 24 hours, with a total liquidation amount of $421 million. Of this, $225 million was liquidated from short positions and $196 million from long positions.

The largest single liquidation occurred in the Bybit - BTCUSD trading pair, worth $13 million.