Biggest long liquidation event for crypto in 2023 took place on April 19

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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pxUSD Synthetic USD Expiring 1 April 2021 (PXUSD_MAR2021) на Currencies.ru

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april million biggest roughly longs liquidated liquidation

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