In the last hour, the network has experienced liquidations totaling $105 million, predominantly affecting long positions. This significant figure indicates a notable shift in market dynamics. Liquidations occur when positions are forcibly closed due to margin calls or insufficient collateral. The majority of the liquidations reported were from traders holding long positions, suggesting a potential downturn in market sentiment. Market participants often react to price movements, which can lead to cascading liquidations, especially in volatile conditions.
