I noticed an interesting movement in the market over the last 4 hours — a significant bloodbath in the form of liquidations. According to Coinglass, the total amount of wiped-out positions has exceeded $55 million. This is quite an impressive figure for such a short time frame.

What’s especially noteworthy is that long positions took a heavy hit, losing about $51.8 million in these 4 hours. Short positions lost less, approximately $5.7 million. It turns out that the bears got off easier this time.

Looking at individual coins, BTC pulled $17.64 million out of traders’ wallets, and ETH took $14.79 million. The rest was distributed among altcoins. In 4 hours, these amounts are a serious blow. It seems the market is currently in a shake-up mode, and it’s important to keep stop-losses closer.