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Crypto market liquidations hit $285 million in 24 hours

  • Crypto market derivatives positions were liquidated across the market.
  • Long-position liquidations totaled $160 million over 24 hours.
  • Short-position liquidations reached $125 million during the same period.

Crypto market derivatives liquidations totaled $285 million over the past 24 hours. Long positions accounted for $160 million, while short positions accounted for $125 million. Liquidation occurs when an exchange forcibly closes leveraged positions after traders can no longer meet margin requirements.

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