Over the past 24 hours, BTC saw a literal tsunami of long liquidations totaling $415 million - compared to just $28.69 million in shorts - a 1,446% imbalance between the two sides. CoinGlass data shows that this adds up to $443.69 million in total liquidations for Bitcoin alone, caused by a massive price drop that triggered a rush to sell off on derivatives markets. The worst of it happened in the early hours, when BTC dipped below $103,000. That move set off a chain reaction of forced liquidations, mostly hitting over-leveraged longs. ETH was next, with $298 million liquidated. SOL, DOGE and XRP also saw double-digit millions wiped out, pushing total crypto liquidations to $1.14 billion in a single day. The 12-hour chart shows the scale of the impact. Between long and short positions, a whopping $524 million were liquidated, with more than $449 million of that coming from longs alone. The imbalance carried on across shorter time frames too, including $27 million in the four-hour window and $3.3 million in the last hour. To put this into perspective, more than 241,000 traders were affected. The biggest single liquidation? A $201 million BTC/USDT long on Binance. Even though Bitcoin has had a bit of a comeback and is above $104,900 again, the market is still nervous about the situation. Funding rates are all over the place, and the liquidation trend has traders bracing for more turbulence into the weekend. For now, the data suggests one thing: leveraged bulls got caught off guard – and the imbalance that followed could take some time to unwind.