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Hey, I saw some interesting liquidation numbers here. In the last 24 hours, nearly 650 million dollars in positions were forcibly closed, and what stands out is that shorts moved almost the same volume as longs – practically tied.
The data shows about 305 million in longs liquidated versus 342 million in shorts. Bitcoin contributed a lot to this, with 130 million in long positions closed and 168 million in shorts. Ethereum also joined the scene with around 76 million in longs and 86 million in shorts.
What’s most impressive is that nearly 160,000 traders were caught off guard in these 24 hours. There was a huge liquidation in BTCUSDT that reached nearly 11 million alone. The market is really volatile, huh?