BTC shorts didn’t escape the squeeze either. Over the past 24 hours, BTC liquidations totaled $48.48 million, including $37.16 million in short liquidations, or about 77%. Long liquidations came to $11.33 million, meaning short losses were 3.3 times higher than long losses.
ETH liquidations totaled $23.35 million, while MAGIC liquidations came to $13.34 million, ranking behind BTC. The largest confirmed single liquidation was a BTC short on Hyperliquid worth about $1.686 million, showing that leveraged shorts chasing the rally were quickly wiped out too.
Short liquidations made up the bulk, suggesting that short positions chasing the move were also crowded. The liquidation rankings show who was forced out, but they shouldn’t be treated as a trend signal on their own. Were you caught in a short squeeze this time, or did you take profits early?
View in real time: https://www.coinboss.com/liquidations