Update
Short Squeeze Hits Major Cryptocurrencies
Major cryptocurrencies ETH and BTC experienced significant liquidations in a 24-hour period. ETH saw $35.97 million in liquidations, with 86.3% of trades being shorts. BTC followed with $31.31 million in liquidations, with 85.2% of trades being shorts. Other cryptocurrencies like ZEC, SNDK, and SOL also saw liquidations, with ZEC leading with $8.47 million. The update highlights the impact of shorts on major cryptocurrencies, with ETH being the hardest hit.