Crypto Futures See $275M in Liquidations as Longs Bear the Brunt

BitcoinWorld Crypto Futures See $275M in Liquidations as Longs Bear the Brunt The cryptocurrency derivatives market witnessed a significant purge over the past 24 hours, with total liquidation volumes across major perpetual futures reaching approximately $275 million.

The majority of these liquidations hit long positions, indicating a sharp price reversal that caught many traders off guard.

Market-Wide Long Squeeze Data from major exchanges shows that Bitcoin (BTC) led the liquidation wave with $154.85 million in positions wiped out, of which a staggering 85.44% were long positions.

Ethereum (ETH) followed with $97.65 million in liquidations, with longs accounting for 77.97%. Solana (SOL) saw $23.12 million liquidated, with 68.67% being longs.