Crypto liquidations hit $393M in 24 hours, 70% were shorts
- —Total liquidations reached $393M, with shorts at $276M (70%)
- —BTC liquidations totaled $171M, ETH $87.8M
- —Largest single liquidation was $11.7M on Binance-BTCUSDT
Why it matters: The dominance of short liquidations signals a sharp price move higher and forced buying, which could fuel further volatility.
Source: PANews