Market Volatility Sparks Major Liquidations
Recent data reveals a turbulent 4-hour period in the crypto market, with total liquidations reaching $160 million.
Long Positions Take Heavy Losses
Of the total, long positions suffered $154 million in liquidations, while shorts faced $6.67 million in losses.
BTC and ETH See Largest Wipes
Ethereum faced $49.07 million in forced exits, but Bitcoin suffered the most with $85.44 million in long liquidations.
- Market instability highlights importance of risk management
- Extreme volatility suggests possible trend reversal
- Traders advised to maintain conservative positions