Crypto futures liquidations hit $144M in just four hours, with $125M from long positions. Here's what drove the cascade and what it means for traders.

Crypto markets continue to struggle even as risk markets across the globe surge higher.

Crypto liquidations hit $144M in four hours with $125M from long positions, highlighting extreme leverage and one-sided market positioning.

Crypto futures liquidations hit $144M in just four hours, with $125M from long positions. Here's what drove the cascade and what it means for traders.

The single biggest unwind was a $59.67 million BTC-USDT long on HTX.

Over $1.84 billion in crypto positions were liquidated in 24 hours, with Bitcoin longs accounting for $883M as geopolitical tensions and ETF outflows

BTC price crashed to $61,300 before recovering to $62,500 as $3 billion in liquidations hit over two days and traders loaded up on $60,000 puts anticipating further losses.

Bitcoin dropped to $60,000 as $1.76 billion in crypto liquidations hit in 24 hours, driven by ETF outflows, leverage cascades, and macro headwinds.