The latest 24-hour crypto perpetual futures forced liquidation size and liquidation ratio are as follows: BTC: $38.1 million (Long $11.09 million, Short $27.01 million) Liquidation Ratio: Short 70.9% ETH: $20.14 million (Long $11.18 million, Short $8.96 million) Liquidation Ratio: Long 55.51% XRP: $9.82 million (Long $4.28 million, Short $5.54 million) Liquidation Ratio: Short 56.43% Forced liquidations occur when a trader's position is closed by the exchange due to insufficient margin. This can happen when the market moves against the trader's position and the trader's account equity falls below the maintenance margin requirement. The liquidation ratio is the percentage of liquidations that were long or short positions. A high liquidation ratio for long positions indicates that more traders are being forced to close their long positions, while a high liquidation ratio for short positions indicates that more traders are being forced to close their short positions. The high liquidation ratio for short positions in BTC and XRP suggests that more traders are being forced to close their short positions as the market moves up. The high liquidation ratio for long positions in ETH suggests that more traders are being forced to close their long positions as the market moves down.