Cryptocurrency perpetual futures markets have experienced substantial liquidations in the past 24 hours, primarily impacting short positions. Here's a breakdown of the liquidation volumes and ratios for major cryptocurrencies: BTC Liquidation Analysis Bitcoin (BTC) saw a significant $296.53 million in liquidations. A staggering 94.53% of these liquidations were short positions, indicating a strong upward price movement that caught many traders off guard. ETH Liquidation Analysis Ethereum (ETH) followed suit with $123.27 million in liquidations. Similar to Bitcoin, the majority (86.74%) of these liquidations were short positions, reflecting a bullish trend against prevailing short bets. SOL Liquidation Analysis Solana (SOL) also experienced considerable liquidations, totaling $18.90 million. The liquidation ratio further reinforces the trend, with 90.21% of liquidations affecting short positions. These significant short liquidations across BTC, ETH, and SOL suggest a potential shift in market sentiment, with a bullish bias currently dominating the perpetual futures landscape. Traders should exercise caution and consider these liquidation patterns when making trading decisions. ```

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