Approximately $200 million in long positions liquidated in the crypto market in the past hour
Suehyeon Lee
Summary
- It was reported that $200 million worth of long positions were forcibly liquidated in the crypto market over the past hour.
- The liquidation was reported to be the result of an expansion in downward volatility across the market.
- It was stated that high-leverage positions appear to have been predominantly liquidated.
A large-scale liquidation occurred in the crypto market in a short period.
On the 1st (local time), Watcher Guru reported that about $200 million (approximately 290 billion won) worth of crypto long positions were liquidated (liquidation) over the past 60 minutes.
The liquidation occurred as downward volatility across the market widened again, and high-leverage positions appear to have been the focus of the liquidations.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.![[Market] Bitcoin falls below $82,000...$320 million liquidated over the past hour](https://media.bloomingbit.io/PROD/news/93660260-0bc7-402a-bf2a-b4a42b9388aa.webp?w=250)
