Crypto Futures See $245M in Liquidations as Longs Get Squeezed

BitcoinWorld Crypto Futures See $245M in Liquidations as Longs Get Squeezed The cryptocurrency derivatives market experienced a notable shakeout over the past 24 hours, with combined liquidation volumes across major perpetual futures reaching approximately $245 million.

Data shows that long positions bore the brunt of the selling pressure, indicating a sudden shift in market sentiment.

Liquidation Breakdown: BTC, ETH, and SOL According to the latest estimates, Bitcoin (BTC) saw $88.32 million in liquidations, with long positions accounting for 62.66% of that total.

Ethereum (ETH) recorded the highest liquidation figure among the three at $127.70 million, with longs making up 59.65% of the volume. Solana (SOL) experienced $29.43 million in liquidations, and notably, long positions represented a significant 84.03% of that amount.