Massive Liquidations Hit: $310M in Two Days 💸💨 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 📉📊 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 🔄💹 Sharp price movements in Bitcoin directly affect the volume of liquidations, indicating a volatile but reactive market trend.
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