Cryptocurrency Market Sees $391.27 Million in Leveraged Positions Liquidated in 4 Hours

Approximately $391.27 million worth of leveraged positions were liquidated in the cryptocurrency market over the past four hours. Long position liquidations accounted for $355.58 million, or 90.88% of the total, while short position liquidations were $35.69 million, or 9.12%. This indicates that investors who bet on a price increase suffered overwhelmingly large losses amidst an overall market decline.

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