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$203.25 Million in Crypto Positions Liquidated in 24 Hours

$203.25 Million in Crypto Positions Liquidated in 24 Hours

According to Coinglass, over 157,000 traders were liquidated in the past day, with long positions leading losses, highlighting the persistent risks of leveraged crypto trading.

Summary

Data from Coinglass shows $347 million was liquidated across the crypto market in the past 24 hours, including $218 million from long positions and $129 million from short positions. A total of 157,669 traders were liquidated. The largest single liquidation occurred on Binance’s WLDUSDT pair, valued at $3.49 million.

Terms & Concepts
  • Liquidation: The forced closure of a trader’s position when their margin balance falls below the required maintenance margin.
  • Long Position: An investment strategy where a trader buys an asset expecting its price to rise, which can lead to liquidation if the price drops significantly.
  • Short Position: A trading strategy where an investor sells an asset they do not own, expecting its price to fall, which can result in losses if the price rises.