Crypto liquidations hit $218M in 24 hours as BTC longs and ETH shorts take the hit
- —Total liquidations reached $218.37 million across 68,090 traders
- —Longs made up $120.09 million (55%), shorts $98.29 million
- —ETH saw $58.11 million liquidated, 57% from shorts
- —BTC saw $41.45 million, 59% from longs; largest single order was a $5.06 million ETH-USDT liquidation on HTX
Why it matters: The rising share of long liquidations over shorter timeframes points to overheated bullish positioning and risks of a deeper pullback.
Source: Blockmedia