Over $876M in long positions liquidated from crypto market in 24 hours
Summary
In the past 24 hours, over $876 million in long positions were liquidated from the crypto market, contributing to a broader selloff that has seen more than a billion dollars in leveraged liquidations. This wave of liquidations primarily affected traders who had speculated on price increases but were unable to meet margin requirements, leading exchanges to forcibly close their positions.
Analysis
Mechanism: Crypto liquidations occur when exchanges forcibly close leveraged positions after traders no longer meet margin requirements. Risk context: Recent liquidation data indicates that traders positioned for price increases absorbed the majority of losses during the market decline. Market impact: A recent crypto market selloff produced more than a billion dollars in leveraged liquidations, with long positions accounting for most forced closures.
Categories
cryptodefihyperliquid
Related sources
- https://coincentral.com/crypto-liquidation-statistics/
- https://www.tokenpost.com/tag/liquidations
- https://coinmarketcap.com/charts/liquidations/
- https://coinclass.com/liquidations
- https://www.coinglass.com/liquidations
- https://finance.yahoo.com/markets/crypto/articles/bitcoin-drops-below-81k-triggering-173543893.html
- https://marginpad.io/liquidation-statistics/
- https://www.coinboss.com/liquidations
- https://bykaranteli.com/liquidations
- https://cryptodataapi.com/liquidations