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$147 Million in Crypto Short Positions Liquidated in Under 24 Hours

Bearish traders face significant losses as a sudden market move triggers nearly $150 million in forced closures over the past day.

Summary

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Terms & Concepts
  • Short Position: A trading strategy where an investor bets that the price of an asset will decline, profiting if the value drops.
  • Liquidation: The forced closure of a trader's position by an exchange when the account's collateral is insufficient to cover losses.