$161.77M liquidated in crypto in 24 hours, 73% shorts
- —Total liquidations of $161.77 million, shorts 72.92% ($117.97 million)
- —BTC: $50.13 million in liquidations, 82% were shorts
- —ETH: $42.19 million, ZEC: $25.97 million, XRP: $8.09 million
- —SOL: $7.22 million in liquidations, 67% longs
Why it matters: The predominance of short liquidations points to a squeeze higher; if $82,000 is broken, potential short liquidations are estimated at $619 million.
Source: TokenPost