Over the past 24 hours, the entire network has experienced a significant level of liquidations, totaling approximately $657 million. Notably, the majority of these liquidations have arisen from long positions. This trend highlights the volatility and risks associated with trading in the current market environment, where investors in long positions are feeling the effects of recent market fluctuations. Such a substantial amount of liquidations suggests that many traders are facing challenges in maintaining their positions, prompting a reevaluation of strategies in light of these rapid changes.
