Crypto derivatives markets saw a fresh wave of forced deleveraging over the past 24 hours, with roughly $2.30 million in leveraged positions liquidated, underscoring how quickly volatility can punish overcrowded trades.
Data from CoinGlass shows total liquidations of about $2.3026 million over the last day, with long liquidations accounting for $1.6717 million (72.6%) and shorts totaling $630,900 (27.4%). Liquidations occur when an exchange closes a trader’s leveraged position after margin requirements are no longer met—often accelerating price moves as positions are forcibly unwound.
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