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📉 Last night, $444 million long positions were liquidated Last night the market plunged, and $444 million long positions were liquidated. In the past two days, shorts worth 600–800 million were squeezed out; last night it was the longs' turn. BTC fell from 87,300 to below 84,000, and within 12 hours, longs worth $383 million were liquidated. About 132,000 people across the network were wiped out, with the largest single position being a Binance ETH long of $10.04 million. A trap: just after the short squeeze ended, leverage was increased to chase the highs. The shorts being liquidated doesn't mean the trend is stable; high-level contracts are just sending margin to the exchanges. Were you long or short last night? #BTC #ETH #Contracts #Liquidation #Bitcoin $BTC $ETH $ZEC