Crypto liquidations hit $244M in 24 hours, 78% shorts
- —Total 24-hour liquidations: $244 million
- —Shorts: $190 million; longs: $53.9 million
- —BTC liquidations $78.7 million, ETH $48 million
- —Largest single liquidation: $8.74 million on Binance ETHUSDT
Why it matters: The short-heavy skew signals a sharp upside move and raises the risk of a further short squeeze.
Source: PANews