Crypto Futures See $500M+ Liquidated in 24 Hours as BTC Shorts Dominate

BitcoinWorld Crypto Futures See $500M+ Liquidated in 24 Hours as BTC Shorts Dominate The cryptocurrency derivatives market experienced significant turbulence over the past 24 hours, with more than $500 million in leveraged positions wiped out across major perpetual futures.

Data from multiple exchanges shows that short sellers bore the brunt of the losses, particularly in Bitcoin (BTC), where 83.94% of liquidations were short positions.

Liquidation Breakdown: BTC, ETH, and SOL According to aggregated exchange data, Bitcoin futures saw approximately $335.38 million in liquidations, with the overwhelming majority being shorts.

This suggests a sudden price rally that forced bearish traders to close their positions at a loss. Ethereum (ETH) followed with $151.68 million liquidated, 74.62% of which were shorts. Solana (SOL) recorded $22.57 million in liquidations, with shorts accounting for 68.59%.