A leveraged position may be closed automatically if its collateral no longer covers required margin.
Falling prices can favor short positions, while rising prices favor long positions.
Liquidation amounts measure the value of positions closed; they do not establish what traders ultimately realized as losses.
A separate EconoTimes 24-hour tally put liquidations at $525 million, including $443 million in longs and $81.8 million in shorts.
Bitcoin (BTC) and Ether (ETH) together accounted for $290 million of that earlier tally’s long-side amount.
