Crypto Futures Liquidations Top $82M in 24 Hours as Shorts Dominate
In the past 24 hours, the cryptocurrency derivatives market witnessed over $82 million in liquidations across major perpetual futures, with short positions bearing the brunt of the losses. Data from leading analytics platforms shows that Bitcoin (BTC), Ethereum (ETH), and SPCX collectively accounted for the majority of the forced closures, signaling a continued squeeze on bearish traders.
Liquidation Breakdown: BTC, ETH, and SPCX
Bitcoin led the liquidation volume with $39.81 million, of which an overwhelming 80.08% were short positions. Ethereum followed closely with $30.74 million liquidated, 78.5% of which were shorts. SPCX, a lesser-known altcoin, saw…
