Crypto derivatives traders were hit with a sharp wave of forced unwinds over the past day, with roughly $686.49 million in leveraged positions liquidated despite only modest spot-price moves—an outcome that underscores how crowded positioning can turn a quiet market into a volatility trap.
Data aggregated by CoinGlass showed long positions accounting for the bulk of the damage: about $475.82 million in long liquidations versus $210.68 million in shorts, meaning roughly 69.3% of the total was concentrated on bullish bets. The imbalance suggests that while price action remained largely… Read more







