BlockBeats report: On May 28, the crypto market remained weak. According to Coinglass data, $701 million in total positions were liquidated over the past 24 hours, including $648 million in long positions and $53.59 million in short positions.
Global crypto liquidations reach $701M in 24 hours, long positions hit hardest
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Summary
Value investing in crypto is under pressure as global liquidations reached $701 million in 24 hours, according to Coinglass. Long positions accounted for $648 million, while short positions totaled $53.59 million. As market conditions weaken, a long-term crypto strategy may require more diligent risk management. Blockbeats, May 28, 2026.
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