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Nearly $2.9 billion in futures positions was liquidated over the past 24 hours, with most of the forced liquidations coming from short positions, according to CoinGlass data. Of the total, about $240 million came from long positions and $2.66 billion from short positions. Major cryptocurrencies were all trading higher after U.S. President Donald Trump mentioned the possibility of crypto purchases, with BTC up about 7.5%, ETH rising about 18.4%, SOL gaining about 11.8%, and HYPE advancing about 21%.