Crypto market sees $28.5M in liquidations over 24 hours, 74% shorts
- —Total liquidations hit $28.49M: $21.04M shorts, $7.44M longs
- —Ethereum saw $7.51M in liquidations, 94% shorts
- —Bitcoin saw $7.13M in liquidations, 69% shorts
- —BTC +0.77% to $85,281, ETH +0.67% to $2,702, SOL +1.48%
Why it matters: The short-heavy liquidation mix signals upward pressure on prices and could accelerate a move higher if momentum holds.
Source: TokenPost