$118.59M in leveraged positions liquidated in 24 hours, 79% longs
- —Total liquidations over 24 hours: $118.59M, with longs at $94.02M and shorts at $24.58M
- —Ethereum: $52.8M in liquidations, 80% longs
- —Bitcoin: $27.66M in liquidations, 80% longs
- —Zcash: $10.01M in liquidations, 70% longs
Why it matters: The dominance of long liquidations points to pressure on buyers amid sideways BTC movement and declining altcoins.
Source: TokenPost