## 24-Hour Crypto Liquidations Surge: BTC and ETH Dominate The cryptocurrency market experienced significant liquidations in the last 24 hours, particularly in perpetual futures contracts. Bitcoin (BTC) and Ethereum (ETH) led the charge, highlighting the volatility inherent in leveraged crypto trading. ETH Liquidations: A total of $57.68 million worth of ETH perpetual futures contracts were liquidated, with a staggering 83.33% of those liquidations affecting long positions. This suggests a significant number of traders betting on ETH's price increase were caught off guard by a downward price movement. BTC Liquidations: Bitcoin followed closely behind, with $49.74 million in liquidations. The dominance of long liquidations was even more pronounced, reaching 89.96%. This indicates an even stronger bias towards bullish positions being liquidated in the BTC market. SOL Liquidations: Solana (SOL) also saw substantial liquidations, totaling $11.86 million, with 84.06% impacting long positions. These liquidation events underscore the risks associated with trading cryptocurrency perpetual futures, especially with high leverage. Traders should exercise caution and implement robust risk management strategies to mitigate potential losses. ```

#BTC #ETH