Back

Crypto liquidations (forced position closures) hit $188.1M in 24 hours — 55% were long positions (bets on price rise)

According to the post, traders saw $188.1 million in liquidations (forced position closures) over the past day, with $103.9 million from long positions (bets on price rise), representing more than 55% of the total.

Summary

No Summary provided as the original text is short

Terms & Concepts
  • Liquidation: Forced closure of a leveraged position when account collateral falls below required maintenance levels.
  • Long position: A trade that benefits from price increases; losses mount when prices fall, potentially triggering liquidation.