$1.2 Billion Crypto Liquidations Signal Volatility as Long Squeeze Hits BTC, ETH

Crypto markets saw a wave of forced liquidations over the past 24 hours, underscoring a renewed bout of 'high-volatility' trading as leverage was unwound across major venues. The selloff in leveraged positions was dominated by Bitcoin (BTC) and Ethereum (ETH), but some of the sharpest short-term shocks hit altcoins such as Solana (SOL) and Sui (SUI), reflecting crowded positioning and rapid intraday reversals.