Crypto market sees $166.2M in liquidations over 24 hours, 60.89% shorts
- —Short liquidations totaled $101.2 million, long liquidations $64.99 million
- —BTC: $59.55 million liquidated, 53% shorts
- —ETH: $45 million liquidated, 63% shorts
- —SOL +5.17%, XRP +6.28%, ZEC +9.03% over 24 hours
Why it matters: The dominance of short liquidations amid rising prices signals forced unwinding of bearish bets, adding upward momentum to the market.
Source: TokenPost