2023-4-20 16:27 |
Quick Take Roughly $260 million of longs were liquidated on April 19; this is the biggest liquidation for longs in 2023. Roughly $250 million of shorts were liquidated on April 14, previously the most liquidations seen this year. These liquidation cascades show that derivatives have grown slightly as the year progresses, and confidence within crypto continues. You can also see how the market was hedged long in terms of dominance, showing the market was overconfident. Liquidations: (Source: Coinglass) Long Dominance: (Source: Glassnode)
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