Crypto Futures Liquidations Top $82M in 24 Hours as Shorts Dominate

BitcoinWorld Crypto Futures Liquidations Top $82M in 24 Hours as Shorts Dominate In the past 24 hours, the cryptocurrency derivatives market witnessed over $82 million in liquidations across major perpetual futures, with short positions bearing the brunt of the losses.

Data from leading analytics platforms shows that Bitcoin (BTC), Ethereum (ETH), and SPCX collectively accounted for the majority of the forced closures, signaling a continued squeeze on bearish traders.

Liquidation Breakdown: BTC, ETH, and SPCX Bitcoin led the liquidation volume with $39.81 million, of which an overwhelming 80.08% were short positions. Ethereum followed closely with $30.74 million liquidated, 78.5% of which were shorts.

SPCX, a lesser-known altcoin, saw $12.07 million in liquidations, with shorts comprising 78.65% of the total. These figures highlight a persistent trend of short sellers being caught off guard by sudden price upticks, a pattern often associated with short squeezes.