Nearly $1 BILLION liquidated in 24 hours. The market turned into a financial crime scene.
130,994 traders were liquidated, with total losses reaching $982.87 million.
Liquidation breakdown:
Total liquidations: $982.87M
Long positions: $401.17M
Short positions: $581.70M
Traders liquidated: 130,994
Largest single liquidation: $38M ETH-USDT
Market angle: Shorts accounted for roughly 59% of liquidations, meaning bears took the heavier hit. This suggests a sharp squeeze against short positions, although both sides suffered massive losses.
130K traders got rekt. The market didn't choose a side it collected from both.
So, who's still brave enough to use leverage after this?
130,994 traders were liquidated, with total losses reaching $982.87 million.
Liquidation breakdown:
Total liquidations: $982.87M
Long positions: $401.17M
Short positions: $581.70M
Traders liquidated: 130,994
Largest single liquidation: $38M ETH-USDT
Market angle: Shorts accounted for roughly 59% of liquidations, meaning bears took the heavier hit. This suggests a sharp squeeze against short positions, although both sides suffered massive losses.
130K traders got rekt. The market didn't choose a side it collected from both.
So, who's still brave enough to use leverage after this?
