Odaily Planet News: Glassnode posted on the X platform stating that the market rebound has led to the largest short position liquidations since the "1011 crash." According to Coinglass data, total liquidations across the network in the past 24 hours reached $679 million, with short positions accounting for $578 million and long positions accounting for $101 million.
Market Rebound Sparks Largest Short Liquidations Since '1011 Crash'
KuCoinFlashShare
Summary
Market trends triggered a sharp rebound, causing the largest short liquidations since the "1011 crash." Coinglass data shows $679 million in liquidations over 24 hours, with $578 million from short positions. Market cycles continue to shape trader behavior, as long liquidations totaled $101 million. Odaily reports the rapid reversal caught many off guard, highlighting the volatile nature of crypto markets.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.