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.
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