Markets· ★★★· bearish·

Leveraged longs account for 85% of $251 million in crypto liquidations

  • —Liquidations over 24 hours totaled about $251 million
  • —Longs accounted for nearly 85% of the losses
  • —Data from CoinGlass covers the 20 largest assets
Why it matters: The long-heavy wipeout shows traders are positioned for a rebound, raising the risk of cascading selling if prices fall further.
Source: Coinotag
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