Ethereum (ETH) Longs Take 59.6% of Liquidations in Past 24 Hours

Ethereum longs absorbed 59.6% of liquidations in the past 24 hours as open interest slipped 0.42% to 12.63 million ETH. Calls held 61.75% of the options book, indicating bullish sentiment among traders despite the long-side losses. The data suggests a cautious market with leveraged positions being squeezed.