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Crypto Derivatives Liquidations Reach $188 Million in 24 Hours

According to CoinAnk, short-position losses exceeded long liquidations, while Bitcoin and Ethereum accounted for a significant share of the total.

BTC
ETH

Summary

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Terms & Concepts
  • Liquidation: A forced closure of a leveraged trading position when losses push margin below required levels.
  • Long position: A trade that bets an asset’s price will rise; it can be liquidated if the market falls.
  • Short position: A trade that bets an asset’s price will fall; it can be liquidated if the market rises.