Stay informed with the latest cryptocurrency market update! In the past 24 hours, perpetual futures liquidations have surged, impacting major cryptocurrencies. ETH Liquidation Volume Dominates Ethereum (ETH) saw the highest liquidation volume at $679 million. A significant 86.64% of these liquidations were long positions, indicating many traders betting on ETH's price increase were caught off guard. BTC Liquidations Remain High Bitcoin (BTC) followed closely with $641 million in liquidations. The liquidation ratio was even more skewed towards long positions, with 91.73% of liquidations affecting those bullish on Bitcoin. SOL Experiences Significant Liquidations Solana (SOL) also experienced considerable liquidation activity, totaling $129 million. Long positions accounted for 90.15% of these liquidations. This highlights the volatility within the altcoin market. These figures offer valuable insights into market sentiment and risk. Traders should exercise caution and manage their positions carefully in this volatile environment. Always conduct thorough research before investing. ```