In the last hour, the total net liquidation across the network amounted to $59.26 million, primarily driven by long position liquidations. The 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 the recent liquidations stemmed from traders holding long positions, suggesting a bearish sentiment among market participants. This trend may reflect broader market conditions and investor sentiment.
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