## Crypto Liquidations Surge: BTC and ETH Dominate 24-Hour Futures Wipeout The cryptocurrency market experienced significant liquidations in the past 24 hours, particularly in perpetual futures contracts. Bitcoin (BTC) and Ethereum (ETH) led the charge, with substantial volumes wiped out. BTC Liquidations: A staggering $154.7 million worth of Bitcoin perpetual futures contracts were liquidated. The liquidation ratio heavily favored short positions, with 80.46% of liquidations impacting traders betting against Bitcoin. ETH Liquidations: Ethereum followed closely, with $151.4 million in ETH perpetual futures contracts liquidated. Similar to Bitcoin, short positions were disproportionately affected, accounting for 73.93% of the total ETH liquidations. SOL Liquidations: Solana (SOL) also saw considerable liquidations, totaling $28.44 million. Short positions once again bore the brunt, representing 70.8% of SOL liquidations. This surge in liquidations suggests a volatile market environment and highlights the risks associated with trading leveraged perpetual futures contracts. Traders should exercise caution and manage their risk effectively. The dominance of short liquidations could indicate a potential shift in market sentiment. ```

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