Crypto Futures Market Sees $493M Liquidations, Long Positions Dominate

The cryptocurrency futures market saw $493 million (approximately 66.38 billion KRW) in positions liquidated over the past 24 hours, according to PANews on April 15, with long position liquidations exceeding short positions. PANews cited CoinGlass data showing $299 million (about 40.28 billion KRW) in long position liquidations and $194 million (approximately 26.13 billion KRW) in short position liquidations. Asset-wise, Ethereum liquidations totaled $206 million (around 27.75 billion KRW), while Bitcoin liquidations amounted to $147 million (about 19.8 billion KRW). The largest single liquidation occurred on Binance's ETHUSDT trading pair at $11.766 million (approximately 15.85 billion KRW).