Crypto Market Sees $155 Million in Long Liquidations Over Four Hours
Coinglass data shows crypto liquidations reached $558 million over 24 hours on March 19, with long positions making up $482 million as leveraged bullish trades absorbed most of the market pressure.
Summary
According to Coinglass data, crypto liquidations totaled $558 million over the past 24 hours on March 19. Long positions accounted for $482 million, while short positions made up $76.71 million, indicating that most forced closures hit traders betting on higher prices. This updates the previously reported 24-hour liquidation total of $389 million and shows continued pressure on leveraged long positions during the recent market move.
Terms & Concepts
- Long liquidation: The forced closure of bullish leveraged positions after prices fall and margin requirements are no longer met.
- Liquidation: The automatic closing of a trader’s position by an exchange when losses exhaust the required collateral or margin.