Crypto Futures Liquidations Surpass $134 Million in 24 Hours as ETH Leads Losses

BitcoinWorld Crypto Futures Liquidations Surpass $134 Million in 24 Hours as ETH Leads Losses Over the past 24 hours, the cryptocurrency perpetual futures market has seen total liquidations exceed $134 million, with Ethereum (ETH) accounting for the largest share at $63.46 million.

Bitcoin (BTC) followed closely with $51.89 million in liquidations, while a lesser-known asset, SKHYNIX, recorded $18.73 million in forced position closures, predominantly from long positions.

Liquidation Breakdown: Longs Take the Hit According to data aggregated from major exchanges, the liquidation figures reveal a market leaning heavily toward long positions being squeezed.

For BTC, 60.34% of the $51.89 million liquidated came from long traders, indicating that bullish bets were caught off guard by downward price pressure.