Crypto derivatives markets saw a sharp wave of forced unwinds over the past day, with liquidations heavily skewed toward bullish bets—an imbalance that typically signals an abrupt downside move or a volatility spike that caught leverage offside.
According to CoinAnk data cited by PANews, total liquidations across cryptocurrency futures reached about $368 million over the past 24 hours. Long positions accounted for roughly $345 million, while short liquidations totaled about $23.25 million, underscoring how quickly sentiment flipped against leveraged buyers.
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