According to @adriannewman21, there were many liquidations in the bros perpetual futures market, highlighting forced closures across leveraged positions. source: https://twitter.com/adriannewman21/status/1956016284862439822 In crypto perpetual futures, liquidations occur when an account’s margin falls below maintenance requirements and positions are auto-closed, often clustering during sharp price moves and high leverage conditions that can amplify short-term volatility. source: Binance Academy, What Are Liquidations in Crypto Futures During liquidation waves, traders typically monitor funding rates and open interest as leading risk gauges for squeeze potential and directional imbalances. source: Binance Academy, Funding Rate Explained