Market Liquidates $554 Million in 1 Hour, Long Positions Take the Biggest Hit

Market Turbulence Causes Massive Liquidations

Recent data shows that $554 million worth of positions were liquidated across the market in just one hour, causing widespread panic among investors. Long positions suffered the most with $536 million in liquidations, accounting for over 96% of the total, while shorts faced $18.54 million in losses.

Major Cryptocurrencies Face Heavy Losses

BTC experienced liquidations worth $144 million, and ETH followed closely with $73.13 million in losses. Analysts attribute the massive liquidations to sharp price swings in a short period.

Key Takeaways for Investors

• Use leverage cautiously to manage risk
• Monitor market movements and set appropriate stop-loss levels
• Avoid herd mentality and make informed trading decisions