Crypto market sees $278.5M in liquidations over 24 hours, 54% shorts
- —Shorts made up $150.12M of liquidations, longs $128.4M
- —Bitcoin: $134.2M liquidated, 58% of it short positions
- —Ethereum: $75.58M; Zcash: $14.3M (69% shorts); Solana: $10.81M
- —BTC -0.25% to $82,484; ETH -0.29% to $2,431; SOL -1.35%
Why it matters: Short-heavy liquidations during a price decline point to failed downside bets, though selling pressure persists.
Source: TokenPost