On May 1, the crypto market saw a significant liquidation event, where various positions across the network amounted to $325 million being liquidated. The data comes from Coinglass, as reported by BlockBeats news.
Of the overall liquidation volume, long positions accounted for the majority, accounting for liquidations worth $265 million. Conversely, short positions saw a relatively lesser magnitude of liquidations, with $60.83 million liquidated.