Just checked the liquidation data from the past week and it's pretty wild out there. According to CoinAnk tracking, we saw around $238 million in futures liquidations hit the market in a single day, which is significant. The interesting part is that shorts got absolutely wrecked—$181 million of that total came from short positions getting liquidated, while longs only took $56.512 million in losses. BTC alone accounted for $113 million of the damage, and ETH added another $33.156 million on top of that. CoinAnk's data shows this kind of move usually signals some pretty volatile price action happening. Makes you wonder what's driving these liquidation cascades lately.

BTC-0.06%
ETH-1.62%
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