Bottom line: $2.22 million was liquidated across traditional markets in the past hour, with shorts accounting for 95%. Index contracts alone made up $1.98 million, clearing out those who bet on further declines first.
Index liquidations accounted for nearly 89% of the total, while stocks and commodities combined made up only around 10%. The move is highly concentrated, so first watch whether index shorts can hold on.
$SP500 $XAU
Index shorts were liquidated en masse. Do you think the squeeze will continue before the U.S. market opens?
View in real time: https://www.coinboss.com/tradfi-liquidations