Crypto Futures Liquidations Top $295M in 24 Hours as Shorts Dominate

BitcoinWorld Crypto Futures Liquidations Top $295M in 24 Hours as Shorts Dominate The cryptocurrency derivatives market experienced significant turbulence over the past 24 hours, with total estimated liquidations across major perpetual futures reaching approximately $295 million.

Data shows that short sellers bore the brunt of the losses, as prices moved against their positions.

Breakdown of Liquidation Volumes According to the latest data, Bitcoin (BTC) saw approximately $130.72 million in liquidations, with an overwhelming 71.77% of those positions being shorts.

Ethereum (ETH) followed closely with $127.17 million liquidated, of which 61.68% were shorts. Solana (SOL) recorded $37.85 million in liquidations, with shorts accounting for 79.98% of the total.