The past 24 hours have witnessed a total of $528 million in liquidations across the entire network, affecting both long and short positions. Liquidations occur when traders’ positions are forcibly closed due to insufficient margin to maintain them. These liquidations impact the market by contributing to volatility, as they can trigger cascading effects on prices. The significant amount of liquidations indicates ongoing turmoil within the trading environment, where traders are unable to sustain their positions. This situation highlights the risks inherent in leveraged trading, where amplified market movements can lead to substantial financial consequences.
