BTC Dominates $44.8M in Crypto Futures Liquidations as Shorts Get Crushed

BTC futures led the pack in liquidations over the past 24 hours, accounting for $44.82 million in losses.

The majority of these losses came from short positions, with 75.75% of BTC liquidations being shorts.

Ethereum (ETH) followed closely behind with $25.42 million in liquidations, of which 66.02% were also shorts.

This suggests a sudden price rally or upward pressure that forced bearish traders to close their positions, often indicating a short squeeze.

The data shows that high-beta assets like ETH and Sandbox (SNDK) amplified the trend, with smaller market caps and lower liquidity making them more susceptible to sharp price swings.