Market Liquidates $396 Million in 4 Hours, Long Positions Take the Biggest Hit

Market Volatility Triggers Massive Liquidations

In the past 4 hours, the cryptocurrency market has experienced intense volatility, resulting in $396 million in liquidations across the board. Among them, long positions accounted for $383 million in liquidations, while short positions saw $12.77 million in losses. This indicates significant pressure on bullish positions in the current market environment.

Liquidation Breakdown by Major Cryptocurrencies

Looking at specific cryptocurrencies, ETH faced $159 million in liquidations, and BTC experienced $111 million in losses. This highlights the heightened risk for long positions on these two dominant assets.

Market Insights and Outlook

• Increased market volatility demands caution from investors.
• The heavy impact on long positions suggests a bearish market sentiment.
• Investors are advised to manage positions prudently and avoid excessive leverage.