Crypto shorts bear brunt of $102 million liquidation wave
- —Short liquidations hit $74.11 million versus $27.5 million for longs
- —Bitcoin liquidations totaled $23.54 million, Ethereum $10.9 million
- —Over 56,000 traders saw positions forcibly closed
- —Largest single liquidation was an $8.5 million SOL position on Hyperliquid
Why it matters: With shorts outnumbering longs more than two to one, the crowded positioning raises the risk of a short squeeze and a sharp price rebound.
Source: Crypto Briefing