Crypto derivatives markets saw a fresh wave of forced unwinds over the past day, with liquidations skewing heavily toward bullish bets—an early sign that traders are again being punished for leaning too aggressively into upside in an increasingly fragile tape.
Over the last 24 hours, roughly $616,900 in leveraged positions was liquidated across major tokens based on aggregated ticker-level data. Long liquidations totaled about $446,800, while shorts accounted for around $170,100, meaning longs represented approximately 72.4% of the wipeout. The imbalance suggests the broader market drifted…
Source:: Crypto Long Liquidations Dominate as Markets Slide and Leverage Unwinds