Liquidation for cryptocurrency perpetual contracts has been a prominent event in the last 24 hours. Significant losses have been observed across major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE). Bitcoin (BTC) BTC perpetual contracts witnessed liquidations worth $53.38 million. The majority of the liquidations ($32.88 million) were short positions, indicating that traders who bet on BTC's price decline suffered significant losses. The liquidation ratio for short positions stood at 61.6%. Ethereum (ETH) ETH perpetual contracts experienced liquidations amounting to $35.18 million. As with BTC, short positions accounted for a substantial portion of the liquidations ($26.67 million). The liquidation ratio for short positions was even higher for ETH, reaching 75.82%. Dogecoin (DOGE) DOGE perpetual contracts saw liquidations totaling $15.2 million. Short positions again dominated, with liquidations reaching $12.33 million. The liquidation ratio for short positions in DOGE was the highest among the three cryptocurrencies, at 81.13%. These liquidations highlight the volatility and inherent risks associated with cryptocurrency trading. Traders should exercise caution, manage their risk exposure, and be prepared for sudden market movements.

#BTC #ETH #DOGE