Crypto derivatives traders saw a fresh wave of forced liquidations over the past day, with data suggesting a largely two-sided washout overall but a sharp, short-lived burst of ‘short squeeze’ dynamics in the most recent hours.
Across the last 24 hours, roughly $176.17 million in leveraged positions were liquidated in the cryptocurrency market, based on aggregated ticker-level figures. Long liquidations totaled about $89.45 million, edging out short liquidations at around $86.72 million—close to evenly split, indicating no overwhelming directional consensus during the period.
That balance… Read more
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