Crypto liquidations hit $56.6M in 24 hours, 64% shorts
- —Total 24-hour liquidations reached $56.63M: $36.4M shorts vs $20.23M longs
- —ETH saw the largest losses at $27.09M, with shorts making up 62%
- —BTC liquidations totaled $13.68M, 65% of them shorts
- —BTC rose 0.10% to $80,492; ETH gained 0.50% to $2,349
Why it matters: Short-heavy liquidations during a modest price rebound suggest bears are being squeezed as the market attempts to stabilize.
Source: TokenPost