Shiba Inu Rebound Triggers $50,120 in Short Liquidations in 24 Hours
Liquidation data in the source shows short positions made up 84.7% of total wiped-out Shiba Inu derivatives bets as the token rebounded to $0.00000631.
SHIB
Summary
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Terms & Concepts
Short liquidations: Forced closure of bearish trading positions after price moves higher against traders using leverage.
Long positions: Trades that profit if an asset rises in price, and can also be liquidated if the market falls.
Liquidation: An automatic position close by an exchange when margin no longer covers losses on a leveraged trade.