In the last four hours, the entire network experienced $394 million in liquidations, primarily driven by long positions. This significant liquidation event highlights the volatility present in the market. Long positions, which are bets that the price of an asset will rise, accounted for the majority of these liquidations. Their contribution suggests that many traders are facing losses as market conditions fluctuate unexpectedly. Such large-scale liquidations can impact overall market sentiment and lead to further price corrections.
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