$294M liquidated across crypto in 24 hours, 78% in shorts
- —$294 million liquidated in total, with shorts at $229 million (78%)
- —ETH liquidations totaled $76.8 million, BTC $60 million
- —The largest single trade was $4.37 million on ETHUSDT on Binance
Why it matters: The dominance of short liquidations points to a sharp price rise and a possible short squeeze that is supporting market momentum.
Source: PANews