Over 74,000 positions liquidated after modest market recovery, indicating high leverage
Summary
In a single day, $201.87 million was liquidated, affecting 74,152 traders, with short positions comprising nearly 65% of the total. A sudden market rebound, led by Ripple’s XRP surging 14.34%, caught traders off guard. This unexpected movement impacted both altcoins and major cryptocurrencies, affecting retail and institutional traders alike.
