Crypto Futures See $275M In Liquidations As Long Positions Are Wiped Out

Crypto futures have seen $275 million in liquidations over the past 24 hours, with long positions bearing the brunt of the losses.

The majority of these liquidations were on Bitcoin (BTC) and Ethereum (ETH), with $154.85 million in BTC long positions wiped out and $97.65 million in ETH longs liquidated.

The high proportion of long liquidations suggests that many traders had positioned for continued upside, only to face a sudden market downturn.

This type of forced selling can amplify price declines, creating a feedback loop that accelerates volatility.