Bitcoin and Ethereum have seen another wave of short liquidations, sending prices higher. According to Coinglass, total cryptocurrency liquidations have reached $138.23 million, with $95 million of that coming from shorts. 📉

Ethereum leads the way with $27.69 million in liquidations, while Bitcoin is in second place with $25 million. Despite the correction, BTC has reached $68,700 and ETH has reached $2,730.

If long liquidations start, it could create significant selling pressure.