“Coinglass data showed that LSK liquidations reached $34.54 million over the past 24 hours, ranking first across the market. According to Odaily, short positions accounted for about $30.67 million of the total.” means that leveraged LSK trading positions worth about $34.54 million were forcibly closed by exchanges within one day—the highest liquidation total among tracked crypto assets during that period.
 
About $30.67 million of those liquidations were short positions, meaning many traders had bet that LSK’s price would fall. The unusually large short-liquidation figure suggests $LSK

‌ moved sharply upward or rose quickly enough to trigger margin closures for traders betting against it. Liquidations can intensify short-term volatility, but they do not by themselves confirm where the price will move next.#Web3SecurityGuide #AugustCoreCPIBeatsExpectations