$91M Crypto Liquidations Crush Shorts in Bitcoin, Ethereum, Toncoin

Crypto futures liquidations fell to $91.55M over the past 24 hours as of May 9, with shorts dominating: Bitcoin $31.84M (53.57% shorts), Ethereum $30.36M (55.12% shorts), and Toncoin $29.35M (97.74% shorts), signaling potential short squeezes. This follows May 8's $245.9M wipeout led by longs (82% in a key 4-hour window), with BTC ($104.5M) and ETH ($79.7M) near $97,915 amid whipsaw risks. The surge began May 7 with a peak $312M, where BTC shorts (75.02%) fueled squeezes and ETH longs (67.13%) suffered, highlighting shifting leverage imbalances and volatility.