Since most graphs look the same, there were also dips in the same points 🤔 at the same time. Makes you wonder...

According to Odaily, recent data from Coinglas reveals that the cryptocurrency market experienced significant liquidations amounting to $45.55 million over the past four hours. This period saw a substantial impact on long positions, which accounted for $42.50 million of the total liquidations. In contrast, short positions faced liquidations totaling $3.05 million.

The data highlights the volatility and rapid changes in the cryptocurrency market, where traders often face sudden shifts in asset values. The predominance of long position liquidations suggests that many traders were betting on price increases, which did not materialize, leading to forced liquidations. This scenario underscores the risks associated with leveraged trading in the crypto space, where market movements can quickly lead to significant financial losses.

As the cryptocurrency market continues to evolve, traders and investors are advised to exercise caution and consider the inherent risks of trading with leverage. The recent liquidation figures serve as a reminder of the market's unpredictability and the importance of risk management strategies to mitigate potential losses.