Bitcoin Bulls Take the Biggest Hit in a $1.49 Billion Crypto Liquidation Day

Crypto Insight Summary: Crypto traders lost $1.49 billion to forced liquidations over the past 24 hours, Coinglass data shows. Bullish bets on Bitcoin (BTC) took the heaviest blow. Most of those losses landed on one side of the market. However, one major token moved against the sell-off and left short sellers on the losing end. Bitcoin and Ethereum Crypto Insight Analysis: Direction: Bearish BTC Impact: Major Impact Horizon: Short-term (1-3 days) Reasoning: $1.49B in liquidations and heavy long unwinding signal severe short-term crypto risk-off sentiment.