The crypto market was awash with fear and uncertainty as liquidations reached over $50 million, leaving investors reeling and short positions crushed under losses.
Coinglass’ data further revealed that the liquidations primarily targeted short positions in the market. The data indicated that a substantial portion of investors holding short positions faced liquidation. Also, over 70% of liquidations were witnessed across various major exchanges.
In certain instances, the liquidation rate reached a staggering 100%, leaving no room for short investors to escape unscathed.liquidation data demonstrated that shorts accounted for over $16 million. Whereas, long positions experienced liquidations totaling over $12 million. Considering Bitcoin’s significant share of the total cryptocurrency market capitalization, these liquidations bear significant implications for affected investors.According to an evaluation of the crypto market’s capitalization on
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