With FED's most recent rate hike market reacted and wiped $175m worth of positions from the market. And nearly $80m in the last hour alone.

With FED's most recent rate hike market reacted and wiped $175m worth of positions from the market. And nearly $80m in the last hour alone. Looks like FED is not going to stop for now and we can probably expect another 0.25 hike next month, but only time will tell.

The market reacted and while the drop wasn't very big, it was enough to wipe out a lot of long positions.

In the past 24 hours, 47,691 traders were liquidated, the total liquidations come in at $176.86 million The largest single liquidation order happened on Bitmex - XBTUSD valued at $7.39M

https://preview.redd.it/z5bz6irhbcpa1.png?1545&format=png&auto=webp&s=7c6055aad5e6fe38a7fb26a37dd2185e812fbd75

Exchange liquidation data for the last 1 hour as you can see it's mostly longs:

https://preview.redd.it/sdze6n9rbcpa1.png?1516&format=png&auto=webp&s=cd84dce988b1953c35379672340596ebb16bd6b6