Crypto Futures See $263M Liquidated in 24 Hours as Longs Get Squeezed

BitcoinWorld Crypto Futures See $263M Liquidated in 24 Hours as Longs Get Squeezed The crypto perpetual futures market witnessed approximately $263 million in liquidations over the past 24 hours, with Ethereum (ETH) and Bitcoin (BTC) bearing the brunt of the sell-off.

Data shows that ETH led with $140.47 million liquidated, followed by BTC at $106.56 million, while Solana (SOL) saw $16.51 million in forced closures.

Notably, long positions dominated the liquidations across all three assets, suggesting a sudden shift in market sentiment caught many traders off guard.

Long Positions Bear the Brunt Liquidation data reveals that 54.48% of ETH liquidations were long positions, while BTC saw an even higher share at 65.57%. SOL followed a similar pattern, with 55.31% of its liquidations coming from longs.