Bitcoin Futures Liquidations Hit $58.8 Million: Long Positions Take the Brunt of the Hit

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In the past 24 hours, Bitcoin’s price tumbled by 10%, but the amount of liquidations that occurred in the futures market was actually quite small compared to what we’ve seen during recent bouts of volatility. Futures worth about $58.8 million got dumped, and the majority were long positions. That said, the overall vibe in the market right now is kind of concerning. We are seeing some liquidations; it’s just that by some measures, and especially in the context of how much price went down, today’s were not too bad. This suggests to me at least that the selling is kind

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