In the last 12 hours, liquidations across the network reached a total of $407 million, with long liquidations making up $359 million of that amount. This significant figure highlights the volatility present in the market, as traders face substantial losses. The data indicates a trend where long positions are being liquidated at a higher rate than short positions. Such liquidations can impact market stability and investor sentiment, leading to further fluctuations in asset prices. Monitoring these trends is crucial for understanding market dynamics and potential future movements.
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