Crypto market sees $130M liquidated in 24 hours, 92% shorts
- —Short liquidations hit $119.38 million versus $10.69 million in longs
- —Bitcoin led with $54.62 million liquidated, 94% of it shorts
- —Ether saw $43.44 million liquidated, ZEC $8.36 million and SOL $4.95 million
- —SOL gained 2.91%, HYPE 5.42%, XRP 2.07% and ZEC 4.80%
Why it matters: The short-heavy liquidation mix shows the rally in BTC and ETH forced bears out; further gains could add pressure on short sellers.
Source: TokenPost