$368 Million Crypto Liquidations Hit Longs as Bitcoin, Ethereum Lead Losses

Crypto derivatives markets saw a sharp wave of forced unwinds over the past day, with liquidations heavily skewed toward bullish bets—an imbalance that typically signals an abrupt downside move or a volatility spike that caught leverage offside. According to CoinAnk data cited by PANews, total liquidations across cryptocurrency futures reached about $368 million over the past 24 hours.