Crypto Futures See $230M+ Liquidated as Longs Get Squeezed

BitcoinWorld Crypto Futures See $230M+ Liquidated as Longs Get Squeezed The crypto derivatives market witnessed a sharp reversal over the past 24 hours, with over $230 million in leveraged positions wiped out across major perpetual futures.

Data shows that long traders bore the brunt of the sell-off, as Bitcoin, Ethereum, and XRP all saw significant long liquidations.

Longs Dominated Liquidation Volumes According to the latest data, Bitcoin led the liquidation charts with approximately $135.87 million in positions liquidated, of which an overwhelming 85.85% were long positions.

Ethereum followed with $74.92 million in total liquidations, with longs accounting for 83.06%. XRP saw $21.22 million in liquidations, with a staggering 93.38% being long positions.