Roughly $27.3 million in leveraged crypto derivatives positions were liquidated over the past 24 hours, with short sellers taking the bulk of the damage—an outcome that typically signals a sharp intraday rebound or a fast squeeze higher across key markets.
Data compiled from CoinGlass shows short liquidations totaled about $16.94 million, accounting for 62.06% of the overall wipeout, while long liquidations came in at approximately $10.36 million (37.94%). Liquidations occur when a trader’s margin no longer meets an exchange’s maintenance requirements, forcing positions to be closed—often… Read more
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