#Long position liquidation in the crypto market#

There has been a significant increase in margin calls in the crypto market recently. According to data, the total amount of liquidations across all exchanges in the past 24 hours reached $121 million, with $92.64 million of it coming from long positions, accounting for 76.6% of the total liquidations. In the past hour alone, the total amount of liquidations reached $10.41 million, with $10.31 million coming from long positions, accounting for 99.04% of the total liquidations. This indicates that the market has been experiencing significant volatility, and long positions are facing a high level of risk. It is worth noting that while BTC has gained 0.03% in the past 24 hours, it has declined 0.39% in the past hour, which may have contributed to the surge in margin calls. Overall, the current market situation is complex, and investors should exercise caution, avoid chasing rallies and selling on dips, and manage their risk effectively.