Crypto Market Sees $51.86 Million in Liquidations in One Hour
Coinglass data shows $245 million in liquidations in the past 24 hours, reflecting heightened volatility with a larger share from short positions.
Summary
According to Coinglass data, $245 million in cryptocurrency positions were liquidated over the past 24 hours. This included $85.41 million from long positions and $159 million from short positions, underscoring heightened market volatility.
Terms & Concepts
- Liquidation: The forced closing of a trader's leveraged position by an exchange due to a partial or total loss of the trader's initial margin.
- Long Position: A trading strategy where an investor buys an asset expecting its price to rise.
- Short Position: A trading strategy where an investor sells an asset they do not own, intending to buy it back later at a lower price.