🚨Quick Update: Big Liquidations In The Last Hour ⚡
⏳ Coinglass shows $34.48M in crypto liquidations in the past hour.
Longs closed: $33.23M
Shorts closed: $0.97M
Bitcoin ( $BTC ) liquidations: $9.2M
Ethereum ($ETH ) liquidations: $6.74M
What this means: a liquidation is when a leveraged trade is
forced closed because the account runs out of margin.
Since most of the liquidations were longs, prices likely dropped fast during that hour.