More than $1.42 Billion Liquidated in 24 Hours, the Long Side Suffers Overwhelming Losses
The crypto market has just gone through a major fluctuation as more than $1.42 billion in positions were liquidated over the past 24 hours, affecting more than 200,000 traders.
🔷 The Long side suffered the most, with about $1.12 billion, accounting for nearly 79% of the total liquidation value. Meanwhile, the Short side recorded roughly $301.8 million wiped out.
🔶 $BTC and $ETH lead in liquidation value, with $641.8 million and $349.8 million respectively, indicating that selling pressure is concentrated mainly on the two largest-cap assets in the market.
This large-scale liquidation wave reflects strong downside pressure along with the use of high leverage.
If the volatility continues, the market may still see additional liquidation sweeps in the short term.
In your opinion, is this the necessary “shakeout” before the market rebounds, or has the correction trend not ended yet?
The crypto market has just gone through a major fluctuation as more than $1.42 billion in positions were liquidated over the past 24 hours, affecting more than 200,000 traders.
🔷 The Long side suffered the most, with about $1.12 billion, accounting for nearly 79% of the total liquidation value. Meanwhile, the Short side recorded roughly $301.8 million wiped out.
🔶 $BTC and $ETH lead in liquidation value, with $641.8 million and $349.8 million respectively, indicating that selling pressure is concentrated mainly on the two largest-cap assets in the market.
This large-scale liquidation wave reflects strong downside pressure along with the use of high leverage.
If the volatility continues, the market may still see additional liquidation sweeps in the short term.
In your opinion, is this the necessary “shakeout” before the market rebounds, or has the correction trend not ended yet?