Crypto Futures Liquidations Surpass $2.7 Billion as Short Sellers Get Squeezed

BitcoinWorld Crypto Futures Liquidations Surpass $2.7 Billion as Short Sellers Get Squeezed The cryptocurrency market experienced a significant volatility event over the past 24 hours, with data indicating that over $2.7 billion in leveraged futures positions were liquidated across major digital assets.

The bulk of these liquidations hit short sellers, suggesting a rapid price surge that caught bearish traders off guard.

Massive Short Squeeze Across Major Assets According to the latest figures, Bitcoin (BTC) saw approximately $1.42 billion in futures liquidations, with an overwhelming 96.42% of those being short positions.

Ethereum (ETH) followed closely, with $1.13 billion liquidated, 90.77% of which were shorts. Solana (SOL) also experienced significant activity, with $104.67 million in liquidations, 94.96% from shorts.