Citing Coinomedia, over $3.7 billion in long positions were liquidated in the past week as sharp price drops triggered mass liquidations across exchanges. The sell-off was driven by falling prices in major cryptocurrencies like Bitcoin and Ethereum, fueled by macroeconomic concerns, profit-taking, and market over-leverage. Cascading liquidations pushed prices lower, wiping out billions in days. Traders are advised to manage risk carefully and avoid excessive leverage in volatile conditions.
Over $3.7B in Crypto Long Positions Liquidated in One Week
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