Gold Liquidations Reach $25.57 Million in 24 Hours, Coinglass Data Shows
According to Coinglass (crypto market data provider), long liquidations accounted for most of the losses, while the largest single liquidation was a $7.10 million order on Binance (crypto exchange).
Summary
No Summary provided as the original text is short
Terms & Concepts
Liquidation: A forced closure of a leveraged trading position when losses exceed margin requirements.
Long liquidation: The automatic closing of a bullish leveraged position after the asset price moves lower than the trader can support.
Short liquidation: The forced closure of a bearish leveraged position when the asset price rises against the position.