Over the past 24 hours, the Futures Contract market has seen $314 million in liquidations across the network, largely driven by Longing positions. BTC and ETH were the two cryptocurrencies experiencing the largest liquidations.
According to CoinAnk data, total liquidations included $273 million in Longing positions and $40.9837 million in Short positions. This figure indicates that volatility pressure remains more concentrated in bullish bets.
BTC recorded $103 million in liquidations, while ETH reached $53.943 million. The two largest assets in the market continue to account for a significant portion of total liquidations across the entire network.
The data currently does not provide further details about the exchange, the specific timeframe of each liquidation, or the direct cause of the fluctuations.
