Crypto Futures Liquidations Surpass $120M in 24 Hours as Short Sellers Dominate

BitcoinWorld Crypto Futures Liquidations Surpass $120M in 24 Hours as Short Sellers Dominate Over the past 24 hours, the cryptocurrency derivatives market has witnessed over $120 million in liquidations across major perpetual futures, with Bitcoin and Ethereum leading the activity.

Data shows that short sellers were the primary force behind the liquidations, indicating a sudden market shift that caught many traders off guard.

Liquidation Breakdown: Bitcoin and Ethereum Lead the Way According to the latest data, Bitcoin (BTC) saw approximately $80.62 million in liquidations, with a striking 94.6% of those being short positions.

This suggests that a significant number of traders had bet on a price decline, only to see the market move against them. Ethereum (ETH) followed with $20.37 million in liquidations, of which 58.58% were shorts, reflecting a more balanced but still short-heavy positioning.