In the last four hours, liquidations totaling $119 million have occurred across the network, primarily affecting long positions. This significant amount indicates a notable shift in market dynamics. Liquidations happen when traders are forced to close their positions due to insufficient margin, often triggered by sudden price movements. The current situation suggests a heightened level of volatility impacting traders’ positions. The majority of the liquidations stem from long positions, which typically involve betting on price increases. This trend may reflect changing investor sentiment and market conditions.
