Crypto derivatives traders were hit by a wave of forced liquidations over the past 24 hours, with roughly $762.15 million in leveraged positions wiped out across major tokens—an event that underscored how quickly sentiment can flip when prices rebound even modestly. The imbalance was striking: about $196.32 million in long liquidations versus $565.73 million in short liquidations, meaning roughly 74.2% of the total came from traders positioned for downside.
The data suggests the market’s latest move has been less about a broad-based “risk-off” selloff and more about an unexpectedly resilient… Read more
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