Crypto Market Sees $674 Million in Liquidations Over 24 Hours
Coinglass data reveals significant market volatility, with $145 million in long position liquidations and $92.48 million in short positions during the past 24 hours.
Summary
According to Coinglass, the cryptocurrency market experienced $238 million in total liquidations in the past 24 hours. Long positions accounted for $145 million of the liquidations, while short positions saw
Terms & Concepts
- Liquidation: The forced closure of a trader’s position due to insufficient margin to cover losses.
- Long Position: An investment strategy where traders expect the asset’s price to rise and buy to profit from future increases.
- Short Position: A trading position where investors sell borrowed assets expecting the price will drop, allowing them to buy back at a lower cost.