Crypto market sees $247.7M in liquidations over 24 hours, 72% shorts
- —24-hour liquidations totaled $247.68M, with shorts at $178.69M (72.15%)
- —BTC liquidations hit $135.54M, 90% of them shorts
- —ETH saw $45.3M liquidated, 70% shorts; ZEC $20.12M, 87% longs
- —BTC +2.20% to $86,004, ETH +0.50% to $2,730, ZEC −3.96%
Why it matters: The short-heavy liquidation mix signals forced unwinding of bearish bets, underpinning bitcoin's push above $86,000.
Source: TokenPost