Massive Bitcoin Long/Short Liquidations Past days

Massive Liquidations Hit: $310M in Two Days πŸ’ΈπŸ’¨ Bitcoin's price surge on Oct 23 triggered $160 million in liquidations. The following day saw a combined total of $120 million in short and long liquidations, summing up to a whopping $310 million over two days.

Comparing Past Liquidation Events πŸ“‰πŸ“Š In comparison to past events, this ranks high. Notable instances include a scenario in January and a rebound in March post the SVB collapse, both leading to substantial liquidations.

Correlation Between Price Movements and Liquidations πŸ”„πŸ’Ή Sharp price movements in Bitcoin directly affect the volume of liquidations, indicating a volatile but reactive market trend.

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