BTC Leads $44.8M in 24-Hour Crypto Futures Liquidations as Shorts Dominate

BitcoinWorld BTC Leads $44.8M in 24-Hour Crypto Futures Liquidations as Shorts Dominate Bitcoin (BTC) accounted for the largest share of crypto futures liquidations over the past 24 hours, with $44.82 million in positions wiped out, according to the latest data.

Notably, short sellers bore the brunt of the losses, with 75.75% of BTC liquidations being short positions.

Ethereum (ETH) followed with $25.42 million in liquidations, of which 66.02% were shorts, while Sandbox (SNDK) saw $23.62 million liquidated, with shorts representing 84.68% of the total.

Market Context and Short Squeeze Dynamics The predominance of short liquidations suggests a sudden price rally or upward pressure that forced bearish traders to close their positions.