ETH reclaims $2,400 as short liquidations hit 97% in an hour
- —24-hour liquidations totaled $312.27M: 59.9% longs, 40.1% shorts
- —Hourly liquidations hit $28.18M, with 97% from shorts
- —ETH saw $93.99M liquidated in 24h; $19.69M in the past hour, 99.8% shorts
- —Derivatives volume jumped 51.73% to $129.88B; open interest rose to $139.62B
Why it matters: The ETH and BTC rebound is flushing out shorts; a break above $83,000 could fuel a squeeze, while losing $81,000 may widen volatility.
Source: Blockmedia