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A very active day is happening in the market in recent hours. Looking at Coinglass data, $157 million worth of positions have been closed in the last hour. The notable aspect is that the majority of this comes from short positions — around $130 million.
There have been closures of $67 million in BTC and $33 million in ETH. So, the main flow is at the center of this liquidation. Long positions are not absent, of course, with about $26-27 million closed, but short positions clearly dominate.
Such rapid liquidations usually occur during periods of volatility. I don't know what's happening in the market right now, but it seems worth observing. The heavy closing of short positions could indicate that buyers are returning.