Crypto market sees $276.4M liquidated in 24 hours, 89% longs
- —Long liquidations totaled $246.15M versus $30.26M in shorts
- —Bitcoin accounted for $93.23M, 93% of it longs
- —Ethereum saw $73.09M liquidated, 84% longs
- —Solana liquidations reached $7.68M, 87% longs
Why it matters: The long-heavy wipeout shows traders betting on a rebound while price pressure persists, raising the risk of further cascading liquidations.
Source: TokenPost