Crypto Futures See $74M in Liquidations as Shorts Dominate BTC, ETH, and SPCX

BitcoinWorld Crypto Futures See $74M in Liquidations as Shorts Dominate BTC, ETH, and SPCX Over the past 24 hours, the cryptocurrency perpetual futures market has witnessed approximately $74 million in liquidations, with Bitcoin (BTC), Ethereum (ETH), and SPCX leading the activity.

Data indicates that short positions accounted for the majority of these liquidations, suggesting a market where bearish bets were squeezed by price movements.

Liquidation Breakdown: BTC, ETH, and SPCX Bitcoin saw the highest liquidation volume at $43.19 million, with an overwhelming 86.41% of those positions being shorts.

This points to a significant number of traders betting on a price decline, only to face forced closures as the market moved against them. Ethereum followed with $16.79 million in liquidations, where shorts represented 63.99% of the total.