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Crypto Liquidations Reach About $596 Million in 24 Hours

Leveraged crypto positions saw roughly $168 million in long liquidations and $428 million in short liquidations over the past 24 hours.

Summary

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Terms & Concepts
  • Leveraged positions: Trades using borrowed funds to increase market exposure, which can amplify both gains and losses.
  • Liquidation: A forced closure of a leveraged trade when margin requirements are no longer met.
  • Longs and shorts: Longs bet on price increases, while shorts bet on price declines.