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Fast Take
Roughly $260 million of longs had been liquidated on April 19; that is the most important liquidation for longs in 2023.
Roughly $250 million of shorts had been liquidated on April 14, beforehand essentially the most liquidations seen this yr.
These liquidation cascades present that derivatives have grown barely because the yr progresses, and confidence inside crypto continues.
You may also see how the market was hedged lengthy by way of dominance, exhibiting the market was overconfident.
The publish Greatest lengthy liquidation occasion for crypto in 2023 befell on April 19 appeared first on CryptoSlate.
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