Crypto Futures Liquidations Top $384 Million in 24 Hours

Long positions made up $302.43 million of the total, indicating bullish traders absorbed most of the losses during the market decline.

Summary

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Terms & Concepts
  • Crypto futures: Derivative contracts that let traders speculate on cryptocurrency prices without directly owning the underlying assets.
  • Liquidation: The forced closure of a leveraged trading position when losses breach margin requirements on an exchange.
  • Long position: A trade that profits if an asset's price rises and loses value when the price falls.