$374 million liquidated across crypto in 24 hours, 85% longs
- —Total 24-hour liquidations reached $374 million
- —Longs lost $317 million, shorts $57.3 million
- —BTC liquidations hit $115 million, ETH $65.1 million
- —Largest single liquidation was $11.78 million on Binance BTCUSDT
Why it matters: The long-heavy wipeout shows traders were positioned for upside and got caught in the drop, leaving room for a rebound or a further cascade.
Source: PANews