Estimated 24-hour liquidations in major crypto perpetual futures showed short-side pressure across BTC, ETH and especially SNDK, with shorts making up the majority of wiped-out positions.
Estimated liquidations over the past 24 hours in major crypto perpetual futures totaled $44.82 million for BTC, $25.42 million for ETH and $23.62 million for SNDK. The position mix showed 75.75% of liquidated BTC positions were shorts, 66.02% for ETH and 84.68% for SNDK, indicating the heaviest short-side wipeout was concentrated in SNDK.