Shiba Inu Sees More Than 59 Billion SHIB Liquidated in 24 Hours
Long liquidations in the Shiba Inu token made up about $240,440, while total leveraged liquidations across the broader crypto market reached $248.35 million.
SHIB
Summary
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Terms & Concepts
Liquidation: A forced closure of a leveraged trading position when losses exceed a trader’s margin requirements.
Long liquidation: The automatic closing of a bullish leveraged position after the asset price moves lower against the trader.
Short liquidation: The automatic closing of a bearish leveraged position after the asset price rises against the trader.