Bitcoin and Ethereum Rally Triggers Massive Short Liquidations in Derivatives Market

Bitcoin (BTC) and Ethereum (ETH), along with other major digital assets, rebounded, triggering a significant liquidation of short positions in the derivatives market. Short bets accumulated during the previous day's price decline were cleared as prices rose, pushing total 24-hour liquidations above $330 million. According to CoinGlass data from May 15 (local time), the total liquidation amount for digital asset derivatives over the past 24 hours reached $33.186 million (approximately 449.3 billion KRW). Short position liquidations accounted for 66.8% of the total, totaling $221.77 million (approximately 300.2 billion KRW), while long position liquidations amounted to $110.09 million (approximately...).