$110 million liquidation wave in 24 hours: Both long and short leverage positions exploded.

The recent 24-hour market trend in the Crypto Assets space is interesting – the total liquidation amount surged to $111.26 million. What does this mean? Long positions were liquidated for 59.69 million, and short positions didn't fare well either, with 51.57 million liquidated. The numbers look similar, indicating that both sides in this market trend are in the same boat, with leveraged Get Liquidated happening in both directions. This situation reflects a significant level of uncertainty in the market, with investors under pressure due to high leverage. Operating in such an environment requires more caution, with Risk Management in place to avoid a single market wave from blowing up your Position.