$250M in crypto perpetual futures liquidations as long positions crumble 81.76%-89.28%
In a volatile 24-hour period, the cryptocurrency market witnessed a staggering $250 million in perpetual futures liquidations, underscoring the risks inherent in leveraged trading [1]. The event primarily impacted long positions across major cryptocurrencies, with Ethereum (ETH), Bitcoin (BTC), and Solana (SOL) among the hardest-hit assets. Approximately $170 million in ETH positions were liquidated, 81.76% of which were long positions. Meanwhile, $51.66 million in BTC positions faced similar fates, with 89.28% being long, and $27.21 million in SOL positions, with 83.65% in long positions [1]. These figures suggest a broad-based market correction, as traders who had bet on continued price increases found themselves in rapidly…
