TNSR Records $13.15 Million in Liquidations in Latest 4-Hour Period

According to Coinglass, $100 million in crypto liquidations occurred in four hours, including $13.15 million in TNSR, highlighting recent short-term volatility.

Summary

Coinglass reported $100 million worth of cryptocurrency positions liquidated within a four-hour span, comprising $58 million in longs and $42.15 million in shorts. TNSR accounted for $13.15 million of these liquidations, underscoring intensified short-term volatility in its derivatives market. This marks a notable update from the prior 24-hour figure of $20.34 million for TNSR, with the fresh data reflecting rapid and concentrated trading losses.

Terms & Concepts
  • Contract Liquidation: The forced closing of a futures or derivatives position when a trader’s margin falls below maintenance requirements.
  • Short Position: A trading strategy where an investor sells an asset they do not own, betting its price will fall.
  • Coinglass: A cryptocurrency analytics platform that tracks derivative market data, including liquidations and open interest.