USD 243 million worth of contracts liquidated in the past 24 hours, mainly shorts

In the past 24 hours, the crypto futures market has seen $243 million liquidated across the entire network, with the majority being short positions. BTC leads with $122 million, while ETH is at $331.07B.

Data from CoinAnk shows total liquidations of $51.689 million in long positions and $192 million in short positions. This difference indicates that liquidation pressure is heavily skewed toward short positions.

Specifically, BTC accounts for the majority of liquidation value during this period, far exceeding ETH. For ETH, the liquidation amount of $331.07B ranks behind BTC but remains among the highest of the tracked assets.

Liquidation figures often reflect sharp price volatility in the derivatives market over a short period. There are currently no additional details about the exchange or specific reasons behind this liquidation event.

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