Cryptocurrency Futures Face Significant Liquidations

In the past 24 hours, major cryptocurrency perpetual futures have undergone substantial liquidation volumes. According to NS3.AI, BTC futures witnessed $123 million in liquidations, predominantly affecting long positions. Similarly, ETH futures experienced liquidations totaling $42.85 million, with long positions being the majority. Gold token futures (XAU) saw $10.83 million in liquidations, primarily impacting short positions.