Crypto Market Sees $133M in Futures Liquidations as Ethereum Leads Charge

Crypto futures liquidations hit $133 million in 24 hours, with Ethereum leading the charge. According to data from major exchanges, ETH saw $64.93 million in liquidations, with short positions accounting for 63.37% of that total.

Bitcoin followed closely behind, with $51.42 million liquidated, though long positions made up 56.85% of the figure. This indicates a different market dynamic compared to ETH.

The data reveals a clear divergence in positioning across top cryptocurrencies. For Ethereum, the majority of liquidated positions were shorts, suggesting that traders who bet against the asset were caught off guard by a price rally. In contrast, Bitcoin saw more longs liquidated, implying that bullish traders faced losses as BTC's price dipped.

Solana (SOL) showed the most skewed ratio, with shorts representing 74.93% of its $17.29 million in liquidations, pointing to a sharp upward move that forced bearish traders to exit. These figures represent only a snapshot of the perpetual futures market and do not include options or spot trading activity.