Crypto Perpetual Futures Liquidate $334M in 24 Hours

The crypto perpetual futures market saw an estimated $334 million in total liquidations over the past 24 hours, with Bitcoin shorts accounting for the majority of losses.

Bitcoin (BTC) perpetual futures led the way with $132.32 million liquidated, 85.29% of which were short bets.

Ethereum (ETH) followed closely behind with $61.52 million in liquidations, with 70.71% of those being shorts.

Zcash (ZEC) experienced $13.6 million in liquidations, with a striking 93.43% of those being short positions.