In the last hour, the network experienced liquidations totaling $57.78 million, predominantly involving short positions. Liquidations occur when traders are unable to meet margin requirements, leading to the forced closure of their positions. This recent surge in liquidations highlights the volatility within the market. The primary focus of these liquidations has been on short positions, which are bets that the price of an asset will decline. Such market movements can significantly impact traders and the overall trading environment.
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