Crypto Liquidations Hit $439M as Both Bulls and Bears Get Wiped Out

Crypto leverage is getting flushed in both directions.
Roughly $439 million in positions were liquidated over the past 24 hours.
The unusual part is how evenly the losses were split:
Long liquidations: $221 million.
Short liquidations: $218 million.
Unlike a typical liquidation cascade dominated by one side of the market, this one shows traders getting caught by sharp moves in both directions.
That points to a highly volatile and increasingly difficult environment for leveraged positioning.
After last week’s massive crypto rally and historic short squeeze, leverage is still being punished.
This time, neither bulls nor bears were safe.