In the last 24 hours, the network has experienced $723 million in liquidations, primarily driven by long positions. This significant figure highlights the volatility within the market, as traders react to shifting conditions. The majority of these liquidations stem from traders who had taken long positions, indicating a potential trend reversal. Liquidations occur when positions are forcibly closed due to insufficient margin, often leading to increased market instability. The impact of these liquidations can ripple through the network, affecting overall market sentiment and trading strategies.
Last updated on October 17th, 2025 at 06:24 am
