$ETH $BTC
Crypto Market Storm in One Hour:
$195 million vanished,
Long positions severely hit!
Coinglass data has shockingly revealed that in the past hour, the crypto market seemed to have experienced a super "storm," with a liquidation amount reaching $195 million across the network!
Among them, the long position liquidations were particularly astonishing, totaling $183 million, while short position liquidations amounted to $11.4964 million.
Breaking it down, Bitcoin "contributed" $54.5477 million to the liquidation amount in this hour, while Ethereum was not far behind, with liquidation amounts reaching $44.3668 million.
What caused this wave of liquidations? How will the market develop next? What should long investors do?
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