## Cryptocurrency Liquidation Volumes: A 24-Hour Snapshot Here's a quick rundown of the cryptocurrency perpetual futures liquidation volumes and ratios over the past 24 hours, focusing on Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). Understanding these liquidations can offer insights into market sentiment and potential volatility. BTC Liquidation Update Bitcoin (BTC) saw a liquidation volume of $63.28 million. Notably, shorts accounted for a significant 93.44% of these liquidations, suggesting a potential squeeze on those betting against Bitcoin. ETH Liquidation Update Ethereum (ETH) experienced $40.03 million in liquidations, with shorts comprising 76.43% of the total. This indicates a similar, though less pronounced, trend as Bitcoin, where short positions were heavily impacted. SOL Liquidation Update Solana (SOL) recorded $8.91 million in liquidations. The liquidation ratio heavily favored shorts at 84.16%. This data reveals that a large number of short positions were liquidated on SOL perpetual futures contracts. These liquidation numbers provide a glimpse into the risk involved in trading leveraged cryptocurrency derivatives. High liquidation ratios for shorts often signal potential upward price movements. ```

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