## Crypto Futures Liquidations: BTC Shorts See Significant Losses In the last 24 hours, cryptocurrency perpetual futures markets experienced significant liquidations. Bitcoin (BTC) saw the largest liquidation amount at $61.28 million, with a staggering 73.04% of those liquidations affecting short positions. This suggests a potential short squeeze driving the price upward. ## ETH and XRP Liquidations: Long Positions Wiped Out Ethereum (ETH) futures saw $56.91 million in liquidations, but unlike Bitcoin, longs accounted for 53.75% of the losses. XRP followed a similar pattern, with $11.32 million liquidated and longs representing 67.14% of the wipeout. These liquidation events highlight the volatility inherent in cryptocurrency derivatives trading. Traders should exercise caution and manage risk effectively when trading leveraged products. The significant liquidations can create volatile price swings in underlying spot markets. ```

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