Crypto liquidations hit $40.1M in 24 hours, longs take 60%
- —Longs accounted for $24.13M, shorts for $15.98M
- —Ethereum saw $10.3M liquidated, 52% shorts
- —Bitcoin lost $5.89M, 65% of it longs
- —Zcash liquidations reached $5.31M, 64% longs
Why it matters: Modest liquidation volumes with a long skew suggest no forced-selling cascade and only mild pressure on prices.
Source: TokenPost