In the last hour, the network has experienced $143 million in liquidations, primarily driven by long positions. This significant figure indicates a notable shift in market dynamics. Liquidations occur when positions are forcibly closed due to insufficient margin, often leading to increased volatility. The majority of these liquidations stem from traders holding long positions, which suggests a bearish trend in the market. Such events can impact overall market sentiment, as traders reassess their strategies in response to rapid changes.
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