Crypto Futures Liquidate Over $67M as ETH Shorts Get Squeezed

Crypto perpetual futures saw significant liquidations over the past 24 hours, totaling approximately $67.46 million across major assets.

Ethereum (ETH) led the way with $35.29 million in liquidated positions, with 53.46% of those being short positions.

BTC followed with $21.29 million in liquidations, though its positioning was nearly balanced at 51.01% longs.

The data highlights a divergence in market sentiment: while BTC traders are nearly split, ETH shorts are being squeezed, and SPAX shorts are facing extreme pressure.