$BTC latest crypto liquidation data for today, May 8, 2025:

Total Liquidations Across All Cryptocurrencies in the Last 24 Hours:

Approximately $301 million in total crypto liquidations occurred.

Out of this, $224 million were short position liquidations, mainly due to a surge in Bitcoin (BTC) price.

(Source: CryptoSlate)

Breakdown:

Bitcoin (BTC):

The price surged to around $99,300, causing heavy losses to traders holding short positions.

Other Cryptocurrencies:

While BTC dominated the liquidations, other altcoins also faced liquidations, though specific figures for each are currently not available.

Market Sentiment:

The recent wave of short liquidations indicates bullish momentum in the market. However, traders are advised to remain cautious and consider volatility in their strategies.