According to BitcoinWorld, the cryptocurrency perpetual futures market saw $235 million in liquidations over the past 24 hours, primarily affecting short positions. Bitcoin led with $123 million in liquidations, Ethereum followed with $78.67 million, and Solana saw $33.6 million, with 84.96% of its liquidations from short sellers. The surge was driven by sharp price movements against short positions, triggering forced closures and amplifying market volatility.
Crypto Futures Liquidations Hit $235M, Short Positions Suffer Most
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