Crypto liquidations hit $830M in 24 hours, longs take 79.5%
- —Total liquidations over 24 hours reached $830.07 million
- —Longs accounted for $660.05 million, or 79.5% of the total
- —Short positions made up only about 20.5% of the flush
Why it matters: The lopsided long liquidation shows bulls were caught offside by the drop, clearing out crowded upside bets and potentially setting up a cleaner base for the next move.
Source: Coinotag