97.7 million usd ETH liquidated in the past hour: longs suffer heavy losses

In the past hour, the Ethereum market witnessed a strong wave of liquidation, totaling 97.7 million USD. Most of this, 95.42 million USD, came from long positions (, indicating that traders betting on bullish trends have been heavily impacted.

The sudden increase in liquidated positions reflects high volatility in the market, with strong price movements triggering the automatic liquidation of leveraged positions. The focus on losses in long positions emphasizes that bullish traders are vulnerable during this period.

Events like these can affect the overall market sentiment, causing panic or prompting traders to adjust their strategies. This reality highlights the volatility of cryptocurrency trading, where rapid fluctuations can lead to significant financial consequences in a short period.

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