BitcoinWorld

Crypto Futures Liquidations Surge: Massive $38.64M Wipeout Hits Short Traders

The crypto market experienced a significant shakeout in the last 24 hours. Data reveals a total of $38.64 million in crypto futures liquidations across major perpetual contracts. This event primarily targeted short sellers, who dominated the liquidation volumes. Bitcoin, Ethereum, and Dogecoin led the losses.

Breaking Down the 24-Hour Crypto Futures Liquidations

According to recent market data, the total liquidation volume reached $38.64 million. This figure represents forced closures of leveraged positions. The majority of these liquidations were short positions, indicating a sudden price surge caught bears off guard.

Here is a breakdown of the…