Total Liquidation of $54.64 Million across the Network: Decoding the Reason Behind the Dominance of Long Positions
Publication Time:2024-08-04 01:07:07
Under the backdrop of ongoing volatility in the cryptocurrency market, Golden Finance, relying on the latest data from Coinglass, reports that the total amount of liquidation across the network surpassed the $54.64 million mark within the last hour, highlighting a notable increase in market trading risks. During this liquidation event, long positions emerged as the primary focus, accounting for $50.6683 million, while the amount from short positions was only $3.9719 million. This suggests a stronger anticipation of bullish trends among investors, and also underscores the potential risks in the market. As the cryptocurrency market continues to evolve, investors must remain vigilant about market developments and manage risks prudently to protect their assets.
Cryptocurrency Market
Coinglass Data
Short Positions
long positions
Total Network Liquidation