Ethereum Surpasses Bitcoin in $85.9M Liquidations as Crypto Markets Turbulent
In the past 24 hours, global cryptocurrency markets witnessed a surge in liquidations, with a total of $226 million wiped out across major trading platforms. Long positions were liquidated to the tune of $89.58 million, while short positions accounted for $136 million. Notably, Ethereum (ETH) outperformed Bitcoin (BTC) in the volume of liquidations, with ETH liquidations reaching $85.9 million compared to BTC [1]. This marked shift highlights the changing nature of risk exposure and positioning in the derivatives markets, particularly in the fast-moving crypto space.
The dominance of ETH in liquidations may reflect a higher concentration of leveraged exposure in Ethereum derivatives compared to Bitcoin. This could be linked to ETH’s role…
