As soon as the market pulls back, long positions are concentrated and forced liquidation begins. In fact, the market hasn't really dropped much. Is everyone really so crazy about being fully long?
According to Coinglass, over 105,506 people were liquidated in the past 24 hours, primarily long positions. Long positions faced liquidations totaling $200 million, while short positions were liquidated for $94.93 million. In the past 12 hours, long positions faced $160 million in liquidations, and short positions faced $45.94 million…
