Crypto Futures See Over $176 Million Liquidated in 24 Hours with Majority Long Positions Closed

In the past 24 hours, major cryptocurrency perpetual futures experienced significant liquidation volumes. BTC futures saw $123 million liquidated, predominantly long positions, while ETH futures liquidations totaled $42.85 million, also mostly longs. Gold token futures (XAU) experienced $10.83 million liquidations primarily on short positions.