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Crypto Market Sees $343 Million in Liquidations in 24 Hours

Data from Coinglass shows heavy losses, with shorts taking the largest hit and a single $8.27 million liquidation on Hyperliquid BTC-USD.

BTC
HYPE

Summary

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Terms & Concepts
  • Liquidation: The forced closure of a trader's position due to insufficient margin to cover losses.
  • Long Position: A trade where the investor bets the asset's price will rise.
  • Short Position: A trade where the investor bets the asset's price will fall.