Over the past 24 hours, the entire network has experienced liquidations totaling $1.357 billion, with long liquidations accounting for $1.186 billion. This significant amount reflects the volatility present in the market, leading to substantial financial movements. Liquidations occur when positions are forcibly closed due to insufficient margin, resulting in a loss for the trader. The high volume of liquidations indicates a turbulent trading environment and may suggest a shift in market sentiment. Traders are advised to monitor their positions closely to avoid potential losses during such periods of instability.
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