Crypto derivatives markets saw a fresh wave of forced liquidations over the past day, with Bitcoin (BTC) and Ethereum (ETH) posting sizable ‘two-way’ wipes despite only modest spot price moves—an indication that leverage had built up tightly around key levels and was rapidly unwound.
Aggregate data from CoinGlass shows Bitcoin logged roughly $17.38 million in liquidations over the past 24 hours, split almost evenly between longs ($8.74 million) and shorts ($8.64 million). Ethereum slightly surpassed Bitcoin, with about $17.63 million liquidated—$8.40 million from long positions and $9.23… Read more
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