Large long liquidations often signal panic bottoms, while short liquidations may precede a squeeze
What to know:🔥
Crypto markets saw a sharp decline on Tuesday, leading to nearly $735 million in liquidations, with long positions heavily impacted.
Ether and XRP futures experienced larger losses than Bitcoin, highlighting increased interest in altcoin trading.
The selloff, exacerbated by high leverage and profit-taking, resulted in significant losses for tokens like Solana and Dogecoin.
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