$178M in crypto liquidations over 24 hours show a choppy, leverage‑heavy market where both long and short traders are getting whipsawed out of positions.
Summary
- Coinglass data shows $178 million of crypto derivatives liquidations in the past 24 hours, split between $92.15 million in longs and $85.88 million in shorts.
- The near‑even wipeout of bullish and bearish positions points to a choppy, directionless market dominated by range trading and leverage whipsaws.
- Bitcoin alone saw over $120 million in futures liquidations in the same window as price chopped around $77,500, underscoring fragile positioning across majors and altcoins.
Crypto traders absorbed a…
