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STO Sees Nearly $20 Million in Liquidations in One Hour

The source says STO fell sharply, while one Aster (crypto trading platform) user’s $7.67 million short position was liquidated before the drop.

Summary

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Terms & Concepts
  • Liquidation: A forced closure of a leveraged trading position when losses exceed a platform’s margin requirements.
  • Short position: A trade that bets an asset’s price will fall, typically using borrowed funds or derivatives.
  • Leverage: The use of borrowed capital to amplify trading exposure, which can increase both gains and losses.