Roughly $326.71 million in leveraged crypto positions were liquidated over the past 24 hours, with losses skewing heavily toward bullish bets—an indication that a sudden downside move caught a crowded long market off guard.
Data compiled from CoinGlass shows long liquidations totaled about $285.87 million, accounting for 87.5% of the wipeout, while short liquidations reached roughly $40.84 million, or 12.5%. In derivatives markets, a liquidation occurs when a trader can no longer meet margin requirements and an exchange force-closes the position, often accelerating price moves as forced… Read more
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