BlockBeats News, September 22nd, according to The Block, according to Coinglass data, the entire network liquidated $1.7 billion in the past 24 hours, with long positions liquidated accounting for $1.616 billion. In just the past four hours, approximately $1.09 billion has been liquidated, including around $1.06 billion in long positions.
When a trader’s position in a market is forcibly closed due to significant losses or insufficient margin to meet the maintenance margin requirement, a liquidation event occurs. Liquidation data is usually based on publicly available information, but these data often significantly underestimate the actual scale of liquidations in the market.
Analysts indicate that although the market had previously viewed the September Federal Reserve interest rate decision as a key moment for cryptocurrency prices, the market’s bull cycle may have largely come to an end.
