$176.3M in leveraged positions liquidated in 24 hours, 61.49% shorts
- —Total liquidations of $176.3 million: $67.9 million longs, $108.4 million shorts
- —BTC: $70.52 million in liquidations, 77% shorts
- —ETH: $47.11 million, 51% shorts; ZEC: $15.53 million, 68% shorts
- —XRP +7.74%, ZEC +10.06%, BTC +2.34% over 24 hours
Why it matters: The predominance of short liquidations during a rally points to forced closing of bearish bets and could reinforce short-term upward momentum.
Source: TokenPost