Crypto Bears Burned as Short Liquidations Hit $1.06 Billion in a Day

Bearish crypto traders absorbed $1.06 billion in short liquidations over 24 hours as the total crypto market capitalization rose 3.7%. Liquidations across the market reached $1.24 billion. The wipeout caught 141,191 traders, while long positions gave up only $174.41 million. Bitcoin Drove the Bulk of Short Liquidations Bitcoin (BTC) alone drove $789.68 million of the