Crypto liquidations hit $168M in 24 hours, longs account for 63%
- —Total liquidations reached $168M: $106M longs and $61.85M shorts
- —Bitcoin longs liquidated: $39.66M; shorts: $13.62M
- —Ethereum longs liquidated: $12.67M; shorts: $7.35M
- —Largest single liquidation was $11.85M on Binance's BTCUSDT pair; 64,000 traders hit
Why it matters: The long-heavy liquidation mix signals mounting pressure on leveraged buyers as bitcoin consolidates.
Source: TokenPost