Large crypto liquidations in the last 24 hours
Crypto Large crypto liquidations in the last 24 hours In the last 24 hours there have been large liquidations on the crypto market. According to Coinglass data, almost 165 million dollars of long positions were liquidated, and more than 240 million dollars of short positions. In total, almost 410 million dollars of long or short positions were liquidated. The liquidations A long position is a bet on the price of an asset going up, while a short position is a bet on it going down. To prevent any excessive losses from eroding the entire invested capital and generating further losses (which would create a debt), such positions are automatically closed by the platforms before the capital is completely eroded, in case of such risks. In these cases they are true forced liquidations that turn out to be absolutely unavoidable if the losses risk becoming excessive. Obviously, if such positions do not generate excessive losses, or are even in profit, they are not liquidated, unless the investor has set an automatic take-profit (TP) at a specific price. Therefore forced liquidations, caused by losses, must be distinguished from automatic closing of profitable take-profits. Volatility and forced liquidations If long or short positions are leveraged, the risk of them being liquidated increases significantly. A leveraged position