In the past four hours, the network has experienced liquidations totaling $106 million, primarily driven by short positions. This significant figure highlights the volatility present in the market. Liquidations occur when positions are forcibly closed due to insufficient margin, often leading to rapid price movements. The predominance of short positions suggests a bearish sentiment among traders, which can further exacerbate market fluctuations. As these liquidations unfold, market participants are closely monitoring the situation for potential impacts on overall trading dynamics.
