Crypto Market Sees Sharp Volatility Spike in Key Asset
Latest on-chain data reveals significant price swings in a major cryptocurrency over a brief period. Within just one hour, over $1.07 million in futures positions were liquidated, signaling heightened market tension and rapid sentiment shifts among traders.
Short Positions Wiped Out: $861,200 in One-Hour Liquidations
The brunt of the move hit bearish traders hard. Short liquidations accounted for $861,200 of the total, making up nearly 80% of the hour's total. Longs, in contrast, saw a more moderate $216,800 in forced exits, suggesting underlying buying pressure may be resurging.
Network-Wide Liquidations Top $114 Million in 24 Hours
Across the broader derivatives market, total liquidations reached $114 million in the past day. Long positions absorbed the majority of losses at $85.7 million, while shorts accounted for $28.4 million. This imbalance reflects a volatile back-and-forth as price action remains unpredictable.
- Over $1 million wiped out in single-coin liquidations
- Short squeeze triggers rapid margin calls
- Market-wide volatility hits multi-day high
- Traders advised to reduce leverage exposure
With volatility surging, experts warn of continued price swings. Risk management, close monitoring of order books, and cautious positioning are recommended as uncertainty looms over the short-term outlook.