Over $20M Liquidated in the Last Hour, Majority in Long Positions

In Brief:

The total liquidation in the past hour reached $20.8M, with $19.66M from long orders.

Short positions accounted for just $1.14M of the total liquidation.

In the past hour, over $20.8 million worth of positions were liquidated across the crypto market, according to Coinglass data. The vast majority, $19.66 million, came from long positions, signaling a sharp price reversal or sudden market movements. Short positions accounted for just $1.14 million. This significant liquidation highlights the volatility in the market, with traders being forced out of positions as the market fluctuates rapidly.

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