According to data from Coinglass 88% of the total liquidated positions during the last four hours were shorts. This figure may change quite a bit as it was 85% when I started writing this post and now it's at 88%. The 122 million figure may change as well as time passes.
Some simple math of 88% multiplied by 122 million means that approximately 107 million dollars in shorts were liquidated. Take that bears!
At the time of writing, over 50 million dollars were Bitcoin shorts and over 40 million dollars were Ethereum shorts.
The largest single liquidation order happened on Okex - BTC-USDT-SWAP valued at $3.18 million.
In the past 24 hours, 54542 traders were liquidated.
This is the risk of trading with leverage and the saying "invest only what you can afford to lose" applies the most if you decide to dabble with this strategy.
I love it when shorts are liquidated. I hope this trend continues and we go onwards and upwards.
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