Crypto market sees $491.24M in liquidations over 24 hours, 74.67% shorts
- —24-hour liquidations total $491.24M, shorts make up $366.82M (74.67%)
- —Bitcoin accounts for $261.56M, with 83% of that shorts
- —Ethereum $110.67M, Solana $26.15M, XRP $22.55M
- —BTC rose 1.80% to $85,923; ETH gained 0.97% to $2,742
Why it matters: The short squeeze fueled the rebound, but gains built on liquidations leave the market exposed to a sharp reversal.
Source: TokenPost