Crypto Liquidations Top $41.27 Million in One Hour, With Shorts at 98%

Crypto liquidations hit $41.27 million in one hour ending 11:58 a.m. ET, with shorts accounting for $40.42 million across Binance, Bybit, and OKX. The 98% short share signals aggressive bearish positioning, likely triggered by a sharp price move. Traders faced forced closures as leveraged positions were wiped out.