Crypto Futures Liquidations Top $67M in 24 Hours: ETH Leads, SPAX Shows Extreme Short Bias

BitcoinWorld Crypto Futures Liquidations Top $67M in 24 Hours: ETH Leads, SPAX Shows Extreme Short Bias Over the past 24 hours, the crypto perpetual futures market has witnessed a total of approximately $67.46 million in liquidations across major assets, with Ethereum (ETH) accounting for the largest share.

According to data from major exchanges, ETH saw $35.29 million in liquidated positions, with 53.46% of those being short positions. Bitcoin (BTC) followed with $21.29 million in liquidations, though its positioning was nearly balanced at 51.01% longs.

Notably, SPAX, a smaller altcoin, recorded $10.88 million in liquidations, with an overwhelming 91.07% of those being shorts.

Understanding the Liquidation Landscape Liquidations occur when a trader’s leveraged position is forcibly closed due to insufficient margin, typically triggered by adverse price movements.