An exchange can force-close a leveraged trade when its margin no longer meets requirements. Long positions are positioned to benefit from price increases; short positions are positioned to benefit from declines.

Digital Currency
Long positions are designed to benefit from price rises, while short positions benefit from declines.

An exchange can force-close a leveraged trade when its margin no longer meets requirements. Long positions are positioned to benefit from price increases; short positions are positioned to benefit from declines.
Liquidation totals track the value of positions closed, but do not establish traders’ realized losses.
Long positions made up most closures, while a Binance trading pair recorded the largest individual liquidation at about $11.09 million.
During the reported hour, short-position liquidations across Binance, Bybit and OKX reached $460,000, compared with $10,000 in long-position liquidations.