#CryptoLiquidations$674MIn24H Crypto’s $674 million liquidation wave hit both sides of the trade. A September 12 report from ChainCatcher, citing CoinGlass, put liquidations at approximately $674 million over the preceding 24 hours: Short positions: roughly $381 million. Long positions: roughly $292 million. Ethereum shorts accounted for about $215 million, making them a significant part of that snapshot. Short liquidations can add buying pressure as bearish positions are forcibly closed. Long liquidations can add selling pressure. These mechanisms can amplify price moves in both directions. My read: the next move needs confirmation from spot demand. With substantial liquidations on both sides, I would be cautious about treating a sudden price spike as proof that buyers have established control. What matters to me is whether buyers continue supporting the market after forced short covering slows. A recovery that holds its gains, attracts sustained spot activity and avoids an aggressive rebuild in leverage would strengthen my confidence. If open interest rises quickly while price struggles to advance, I would become more cautious about another reversal. The liquidation figure tells us how much positioning was forcibly closed during that window. Assessing the remaining risk requires looking at current positioning too. Which are you watching most closely now: spot buying, funding rates or open interest? #CryptoLiquidations #bitcoin #Ethereum #CryptoMarket $LSK $VTHO $ETHFI