Crypto Futures Liquidations Top $141M in 24 Hours as Bitcoin and Ethereum Lead

BitcoinWorld Crypto Futures Liquidations Top $141M in 24 Hours as Bitcoin and Ethereum Lead Over the past 24 hours, the crypto derivatives market has witnessed a notable wave of liquidations, with total estimated liquidation volumes reaching approximately $141 million across major perpetual futures.

Data shows that Bitcoin (BTC) accounted for $82.31 million of these liquidations, while Ethereum (ETH) contributed $59.08 million. The figures highlight a market where leveraged positions are being squeezed, with a significant share of the activity driven by short sellers.

Liquidation Breakdown: BTC and ETH Lead the Pack According to the latest data, Bitcoin’s liquidation volume of $82.31 million was split with 52.33% of the liquidated positions being shorts.

This near-even split suggests that both long and short traders faced pressure, but the slight majority of shorts indicates that some traders were betting on a price decline that did not materialize, or that the market experienced a sharp upward move that triggered stop-losses.