A rapid wave of forced selling liquidated $105 million in long positions across the crypto derivatives market in one hour. Long positions contributed $97.56 million to the total, while Bitcoin accounted for $23.08 million and Ethereum for $11.92 million. The liquidations unfolded in a cascade, with sales associated with each position closure intensifying downward pressure. This pattern generally results from leverage, margin rules, and crowded positioning rather than an identifiable actor. Data trackers such as Coinglass can help determine whether leverage is rebuilding or continuing to decline.
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Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
