Market Turbulence Sees Liquidations Reach $190 Million
According to the latest data from Coinglass, the cryptocurrency market experienced significant turbulence in the last 24 hours, with liquidations totaling $190 million.
During this market adjustment, long positions accounted for approximately $43.368 million in liquidations, while short positions saw a much higher amount of $146 million. The data highlights the rapid price swings impacting market participants.
Bearish Sentiment Outpaces Bullish
The figures show that short liquidations far exceeded longs, indicating a prevailing bearish sentiment among traders.
- Long Liquidations: $43.368 million
- Short Liquidations: $146 million
This imbalance could signal ongoing uncertainty in the near term, urging investors to proceed with caution.