In the past 24 hours, the total contract liquidations across the entire network reached $545 million, with short positions making up the majority. Both $BTC and $ETH were pulled into the liquidation center, indicating that this wave of volatility first wiped out the short sellers. The short-term pace will be faster, but at this point, chasing shorts may not be advantageous. $BTC $ETH

BTC1.66%
ETH2.36%
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