Crypto Derivatives Market Sees $170M in Liquidations Amid Divergent Moves

The crypto derivatives market has seen significant shakeouts in recent days, with over $170 million in futures positions liquidated across major digital assets. According to data from CryptoQuant, Bitcoin perpetual futures accounted for approximately $47.35 million in liquidations, with short positions representing nearly 60% of the total.

This suggests that a sudden price increase caught bearish traders off guard, forcing their leveraged bets to close at a loss. In contrast, Ethereum saw around $27.5 million in liquidations, but the composition was reversed: nearly 60% of those were long positions.

A smaller altcoin, identified by the ticker RE, recorded $10.78 million in liquidations, with an overwhelming 69.6% of those being shorts. This outlier suggests a sharp price move in that asset specifically, potentially driven by news or low-liquidity conditions.