The cryptocurrency market experienced significant liquidations recently. According to data from Coinglass, over $118 million in leveraged positions were liquidated within a 12-hour period. Of this amount, approximately $43.14 million were long positions, and $73.84 million were short positions .
Such liquidation events are not uncommon in the crypto market, especially during periods of high volatility. For instance, in a previous event, Binance recorded the highest exchange liquidations at $104.13 million as Bitcoin's price dipped . These occurrences highlight the risks associated with leveraged trading in the cryptocurrency space.
