## Cryptocurrency Futures Liquidation Overview (24 Hours) This report summarizes the liquidation volumes and ratios for cryptocurrency perpetual futures contracts over the past 24 hours. Understanding these metrics can provide insights into market sentiment and potential volatility. ### Bitcoin (BTC) Liquidation Analysis Bitcoin (BTC) experienced significant liquidations with a total volume of $89.67 million. A majority, 58.47%, of these liquidations were attributed to long positions, suggesting a potential short-term bearish trend or over-leveraged long positions being squeezed. ### Ethereum (ETH) Liquidation Analysis Ethereum (ETH) followed a similar pattern to Bitcoin, with $61.36 million in liquidations. Long positions accounted for 51.34% of the liquidations, indicating a slightly less pronounced bias towards short-term bearishness compared to BTC. ### HYPE Coin Liquidation Analysis HYPE Coin witnessed $33.52 million in liquidations, with a staggering 97.93% attributed to short positions. This suggests a strong upward price movement potentially triggering a short squeeze, or extremely over leveraged short positions. These figures highlight the inherent risks associated with leveraged cryptocurrency trading and the importance of risk management strategies. ```