[ad_1]
Fast Take
- Roughly $260 million of longs have been liquidated on April 19; that is the largest liquidation for longs in 2023.
- Roughly $250 million of shorts have been liquidated on April 14, beforehand probably the most liquidations seen this yr.
- These liquidation cascades present that derivatives have grown barely because the yr progresses, and confidence inside crypto continues.
- It’s also possible to see how the market was hedged lengthy when it comes to dominance, displaying the market was overconfident.
The publish Greatest lengthy liquidation occasion for crypto in 2023 passed off on April 19 appeared first on CryptoSlate.
[ad_2]