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Crypto short sellers are drowning in a deluge of liquidations as Bitcoin (BTC), Ethereum (ETH) and other altcoins rally.

According to CoinGlass liquidation data, crypto markets have seen more than $180 million in liquidations in the last 24 hours alone.

Since January 13, short sellers have been hit with more than $600 million in liquidations, according to the crypto data platform.

Bitcoin liquidations reached $34.71 million in the last 24 hours. The leading crypto by market cap is trading at $21,009 at the time of writing, up 23% over the past seven days.

During the same period, Ethereum liquidations reached $47.59 million. The leading smart contract platform is trading at $1,553 by market cap at the time of writing, up 21% over the past week.

Despite the network’s recent struggles, ETH rival Solana (SOL) liquidations reached $5.87 million in the last day. The 11th largest crypto by market cap is trading at $23.10 at the time of writing, up 61% over the past week.

Liquidations of Aptos (APT), the 40th largest crypto by market cap, also reached over $5 million in the last 24 hours, reaching $5.36 million at the time of writing. APT is currently trading at $8.14, up 112% in the last seven days.

Finally, Dogecoin (DOGE) liquidations reached $3.29 million in the last day, according to CoinGlass. DOGE is trading at $0.0836 at the time of writing, up 14% over the past week.

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