Wednesday, June 26, 2024

Ether Futures See Unusually High Liquidations as Funding Rates Point to Bearish Sentiment

by Jeremy

According to Coinglass data, liquidations on bitcoin futures hovered at $54 million over the same period, with other major cryptocurrencies, such as solana and avalanche, seeing just over $3 million. Bitcoin futures usually have the highest liquidations in the futures markets owing to their popularity and liquidity.

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