Crypto market sees $117.9M in liquidations over 24 hours, 54.3% longs
- —24-hour liquidations total $117.9M, longs make up 54.3% ($64.02M)
- —BTC: $37.2M liquidated, 67% of it shorts
- —ETH: $26.99M liquidated, 60% shorts
- —ZEC: $18.5M liquidated, 93% longs, price down 6.48%
Why it matters: The short-heavy liquidations in BTC and ETH point to a squeeze on sellers as prices rose, while ZEC and NEAR longs were wiped out.
Source: TokenPost