Crypto Liquidations Hit $36.48M in 24 Hours, Longs Lead

The long-heavy skew matters more than the headline figure: when longs absorb roughly two-thirds of liquidations, it signals that leveraged bullish positioning was caught offside rather than a broad two-way washout, which tends to leave residual overhead supply. The modest absolute size suggests this is routine deleveraging rather than a capitulation event, so the read-through to spot is limited. Whether the long bias persists in the next liquidation prints is the open question.