Conclusion first: in the four-hour traditional assets liquidation, $229,000 was wiped out. Shorts carried away nearly 60%, and SPCX and LITE together accounted for most of it.
SPCX liquidated $351,000, with shorts making up 99%. LITE liquidated $344,000, all of it was shorts. Combined, the two totaled $695,000, about 30% of the four-hour total.
The largest liquidation was an SPCX short position; the $344,800 around 160.05 was liquidated. The long side also didn’t fully escape—CRCL had a $224,000 long position that was liquidated.
Shorts are concentrated in just a few tickers, while long losses are more spread out. With this kind of market, would you chase the short?
View in real time: https://www.coinboss.com/tradfi-liquidations