The 24-hour crypto perpetual futures liquidation value and ratio are: - BTC liquidation value: $94.66 million (long $5.39 million, short $89.27 million) liquidation ratio: short 94.31% - ETH liquidation value: $49.02 million (long $6.06 million, short $42.96 million) liquidation ratio: short 87.63% - NEIRO liquidation value: $5.67 million (long $1.67 million, short $4.00 million) liquidation ratio: short 70.52% Liquidation value refers to the cumulative amount of funds traders lost due to positions liquidated on exchanges that offer perpetual futures trading. Perpetual futures are swaps that allow traders to speculate on the price of cryptocurrencies without having to take ownership of the underlying asset. Liquidation occurs when a trader's margin balance falls below a certain threshold, causing the exchange to automatically close their positions. The liquidation ratio indicates the proportion of long or short positions that were liquidated. Market Trend Implications: High liquidation ratios, such as those seen in BTC and ETH, may indicate that traders were overleveraged and forced to close their positions as prices moved against them. Conversely, low liquidation ratios may suggest a more balanced market with traders taking less risk. By monitoring liquidation values and ratios, traders can gain insights into market sentiment, volatility, and the behavior of other participants.