A burst of forced closures just hit leveraged $SOXL buyers. Over the last 30 minutes, exchanges shut $8.5M of long positions, bets on a higher price funded with borrowed money, once the margin behind them ran out.
The other side barely moved. Positions betting on a drop saw $309.2K closed by force in the same window.
These figures come from the raw liquidation streams of the major venues and show the size of positions closed, not the losses on them.
The other side barely moved. Positions betting on a drop saw $309.2K closed by force in the same window.
These figures come from the raw liquidation streams of the major venues and show the size of positions closed, not the losses on them.
