TREE NEWS reports: Crypto futures liquidations across exchanges totaled $234 million over the past 24 hours, split nearly evenly between $118 million in long positions and $116 million in shorts, CoinGlass data show. BTC liquidations reached $57.42 million and ETH $62.68 million. The largest single liquidation was a $7.43 million ETHUSDT order on Binance.
Crypto Futures Liquidations Hit $234M in 24 Hours, Longs and Shorts Split Evenly
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AI take
The near-even split between long and short liquidations signals a two-way washout rather than a one-sided squeeze, meaning positioning was crowded on both sides of the book and neither camp held the initiative. ETH's liquidation tally exceeding BTC's, despite ETH's smaller market footprint, points to leveraged activity concentrating in the second-largest asset. Whether that concentration persists, or rotates back toward BTC, is the open question worth tracking.
Generated by AI for reference only.
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