Just checked the liquidation data from the past day and it's pretty wild - $143 million got wiped out across the board. According to CoinAnk, the short positions took the biggest hit with $92 million liquidated, while longs only saw about $50 million in losses. BTC and ETH were the main victims here, with BTC accounting for roughly $30.6 million and ETH around $27 million of the total damage. CoinAnk's tracking shows this was mostly a short squeeze situation, which explains why bears got hit harder than bulls. If you've been watching the charts, this kind of liquidation cascade usually signals some pretty sharp moves in the market. Interesting to see CoinAnk data highlighting how concentrated the losses were - makes you wonder what's next for the market structure.

BTC0.01%
ETH-1.34%
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