Crypto Market Sees Over $133M in Futures Liquidations as Ethereum Leads the Way
The cryptocurrency market saw over $133 million in futures liquidations over the past 24 hours, with Ethereum (ETH) leading the way. ETH recorded $64.93 million in liquidations, with short positions making up 63.37% of that total.
Bitcoin (BTC) followed closely behind with $51.42 million in liquidations, but long positions accounted for 56.85% of that figure. This indicates a different market dynamic than what was seen with ETH.
Solana (SOL) showed the most skewed ratio, with shorts representing 74.93% of its $17.29 million in liquidations. This suggests that Solana's price surged upward, forcing bearish traders to exit their positions.