Bitcoin saw 13 days with more than $500 million in liquidations over the past year, including 3 days that exceeded $1 billion.
Odaily News reports that in the latest wave of selling, around $1.3 billion in long positions were liquidated across the crypto market in 24 hours, with Bitcoin positions accounting for most of the total. Industry insiders attribute the spate of liquidations to highly leveraged trading combined with macro news shocks, as well as low liquidity before the European trading session began, making stop-loss orders prone to triggering a cascade.
· The key difference is frequency: large-scale liquidation events have been more frequent over the past 12 months than before, and $500 million in a single day is no longer unusual.
· Only 3 of the 13 events exceeded $1 billion, meaning most remained in the $500 million to $1 billion range.
Which matters more to you: the total amount liquidated in a single day, or the share of long positions?
$BTC
Odaily News reports that in the latest wave of selling, around $1.3 billion in long positions were liquidated across the crypto market in 24 hours, with Bitcoin positions accounting for most of the total. Industry insiders attribute the spate of liquidations to highly leveraged trading combined with macro news shocks, as well as low liquidity before the European trading session began, making stop-loss orders prone to triggering a cascade.
· The key difference is frequency: large-scale liquidation events have been more frequent over the past 12 months than before, and $500 million in a single day is no longer unusual.
· Only 3 of the 13 events exceeded $1 billion, meaning most remained in the $500 million to $1 billion range.
Which matters more to you: the total amount liquidated in a single day, or the share of long positions?
$BTC
