A total of 165,623 traders were liquidated in the past 24 hours. The total value reached US$1.11 billion, or around Rp20.1 trillion.
Interestingly, almost all of those losses came from traders who had opened long positions. Their losses amounted to US$1.01 billion, far more than the US$104.68 million from short positions.
This means around 91% of all liquidations came from bets that crypto asset prices would rise.
The largest single liquidation order was recorded on Binance for the ETHUSDT pair, valued at US$48.16 million, or around Rp872 billion.
The scale of these long liquidations shows just how many bullish positions were wiped out when prices moved in the opposite direction. The market does not need to experience a prolonged downturn for losses to swell, especially for traders using leverage.
Source
CoinGlass
$DJT
Interestingly, almost all of those losses came from traders who had opened long positions. Their losses amounted to US$1.01 billion, far more than the US$104.68 million from short positions.
This means around 91% of all liquidations came from bets that crypto asset prices would rise.
The largest single liquidation order was recorded on Binance for the ETHUSDT pair, valued at US$48.16 million, or around Rp872 billion.
The scale of these long liquidations shows just how many bullish positions were wiped out when prices moved in the opposite direction. The market does not need to experience a prolonged downturn for losses to swell, especially for traders using leverage.
Source
CoinGlass
$DJT
