Short positions dominate $216M in 24-hour crypto liquidations

Over the past 24 hours, the cryptocurrency perpetual futures market saw significant liquidations, with short positions bearing the brunt of the losses. Bitcoin (BTC) led with $110 million in liquidations, of which 78.92% were shorts. Ethereum (ETH) followed with $92.47 million in liquidations, with shorts accounting for 64.85%. Solana (SOL) also experienced notable liquidations, totaling $13.59 million, where 57.63% were short positions.