$BTC latest cryptocurrency liquidation data for today, May 8, 2025:

Total Liquidations in All Cryptocurrencies in the Last 24 Hours:

Approximately $301 million in total cryptocurrency liquidations occurred.

Of this, $224 million were liquidations of short positions, mainly due to a rise in the price of Bitcoin (BTC).

(Source: CryptoSlate)

Breakdown:

Bitcoin (BTC):

The price soared to around $99,300, causing significant losses to traders holding short positions.

Other Cryptocurrencies:

While BTC dominated the liquidations, other altcoins also faced liquidations, although specific figures for each are currently not available.