$493 million liquidated in 24 hours, 61% in longs
- —A total of $493 million liquidated in 24 hours
- —Longs: $299 million, shorts: $194 million
- —ETH: $206 million, BTC: $147 million in liquidations
- —Largest liquidation: $11.77 million on Binance in ETHUSDT
Why it matters: The dominance of long liquidations points to a sharp price drop and pressure on overcrowded long positions.
Source: PANews