Cryptocurrency Futures See $520 Million in Liquidations

In the past 24 hours, around $520 million in cryptocurrency futures positions have been liquidated, with Bitcoin, Ethereum, and Solana experiencing the most significant losses. According to NS3.AI, the majority of these liquidated positions were long, underscoring the substantial market pressure faced by bullish traders. This increase in liquidations suggests heightened volatility and a potential short-term bearish sentiment in the crypto futures market.