Roughly $39.87 million in leveraged crypto positions was liquidated over the past 24 hours, with short bets accounting for nearly two-thirds of the total—an imbalance that suggests recent price action leaned against bearish positioning even as major coins moved only marginally.
Data from CoinGlass showed that as of Aug. 9 at 3:56 p.m. UTC (based on Aug. 10, 4:56 a.m. KST), liquidations across the top 20 tracked instruments reached $39.865 million. Long liquidations totaled $14.27 million, while short liquidations climbed to $25.59 million—about 64.19% of the overall figure.
Despite the… Read more
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