Crypto liquidations hit $466.5M in 24 hours, longs bear the brunt
- —24-hour liquidations totaled $466.54M, with longs at $319.36M
- —BTC liquidations reached $90.72M, 89.3% of them longs
- —ETH saw $60.73M liquidated, 82.6% from long positions
- —Fear and Greed Index sits at 46, in fear territory
Why it matters: The long squeeze adds pressure on BTC near $80K and raises the risk of a further cascade of forced selling.
Source: Incrypted