BlockBeats reported on June 20 that, according to data from Coinglass, total liquidations across the crypto market reached $180 million over the past 24 hours. Of that amount, long-position liquidations stood at $57.18 million, while short-position liquidations reached $123 million.
The figures show that short positions accounted for the larger share of liquidations during the 24-hour period. In futures and derivatives trading, liquidation generally refers to positions being forcibly closed when account margin is insufficient to maintain them. The report was published by BlockBeats as a 7X24H newsflash.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.