Crypto Market Sees $366 Million in 24-Hour Liquidations

Bitcoin and Ethereum led the wipeout, with long positions accounting for the larger share of forced position closures across the market.

BTC
ETH

Summary

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Terms & Concepts
  • Liquidations: Forced closure of leveraged trading positions when losses exceed a trader’s required margin.
  • Long positions: Trades that profit if an asset’s price rises, but can be liquidated during sharp declines.
  • Short positions: Trades that profit if an asset’s price falls, but can be liquidated if prices move higher instead.