Cryptocurrency markets experienced significant liquidations in the past 24 hours, primarily affecting leveraged positions in Bitcoin (BTC) and Ethereum (ETH) perpetual futures. Here's a breakdown of the key figures: BTC Liquidations Dominate Bitcoin perpetual futures saw $129.26 million liquidated, with long positions accounting for a substantial 78.91% of the total. This indicates that a significant number of traders betting on upward price movement were caught off guard. ETH Follows Bitcoin's Lead Ethereum perpetual futures experienced liquidations of $105.85 million. Similar to Bitcoin, long positions were heavily impacted, representing 75.55% of the liquidated volume. SOL Sees Notable Liquidations Solana (SOL) also faced liquidations, totaling $19.47 million. Long positions comprised 72.16% of this figure, highlighting the broader trend of overleveraged long positions across different cryptocurrencies. These liquidations often occur due to sudden price drops or increased volatility, triggering margin calls and forced selling of leveraged positions. Traders should always exercise caution and manage risk when trading perpetual futures. ```

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