ChainCatcher report, according to Coinglass data, BNC experienced $4.06 million in liquidations over the past 12 hours, with $3.49 million from short positions and $570,000 from long positions; the largest single liquidation amounted to $623,440.
BNC liquidations exceed $4M in 12 hours, short positions severely impacted
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Summary
BNC experienced over $4.06 million in liquidations within 12 hours, according to Coinglass. Short positions bore the brunt, with $3.49 million erased, while long positions lost $570,000. The largest single liquidation amounted to $623,440. Traders using technical analysis for crypto may be adjusting their strategies amid the volatility. Value investing in crypto remains a key focus for long-term holders.
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