Long Traders Bear Brunt as Bitcoin, Ether Slide Spurs $220M in Liquidations

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Lengthy trades, or bets on increased costs, took 90% of the $220 million in liquidations on crypto futures buying and selling over the previous 24 hours as bitcoin (BTC) and ether (ETH) fell almost 5%. Bitcoin and ether futures cumulatively noticed $100 million in liquidations, whereas futures monitoring dogecoin (DOGE), solana (SOL), XRP (XRP) and aptos (APT) took on $4 million in liquidations apiece.

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