Over $107 million in cryptocurrency positions were liquidated in the last hour, with the majority, $85.4 million, coming from short positions, and $22.45 million from longs. This significant liquidation event occurs amid heightened market volatility influenced by recent geopolitical tensions and new macroeconomic policies. Additionally, the ongoing scrutiny from the SEC on crypto derivatives and trading platform mechanisms adds pressure to the market’s leveraged trading trends, which can exacerbate the effects of such sudden price movements.
Over $107M in crypto positions liquidated in 60 minutes, including $85.4M in shorts
