In the past 24 hours, the crypto market saw around $200M in Long positions liquidated, accounting for the bulk of total liquidations across the market. Nearly 70% of this was Longs following a sharp drop in BTC and altcoins.
Regarding the number of positions/accounts liquidated, public dashboards typically track by account/trader rather than by number of "positions." The exact number changes every minute, but this squeeze has been recorded as tens of thousands of accounts getting wiped within 24 hours.
Quick summary for traders:
Context: $BTC broke through short-term support → forced selling → altcoins got hit harder. Not recommending buying at this time.
#cypto , #Liquidations
Regarding the number of positions/accounts liquidated, public dashboards typically track by account/trader rather than by number of "positions." The exact number changes every minute, but this squeeze has been recorded as tens of thousands of accounts getting wiped within 24 hours.
Quick summary for traders:
Context: $BTC broke through short-term support → forced selling → altcoins got hit harder. Not recommending buying at this time.
#cypto , #Liquidations