I just looked at the liquidation data for the past 4 hours — the numbers are impressive. The market literally swept through positions: over $55 million was liquidated. The main impact was on longs, which accounted for nearly $52 million, while shorts were affected much less — only about $5.7 million.

It's especially interesting to look at Bitcoin and Ethereum. In the same 4 hours, BTC was liquidated for $17.6 million, and ETH lost about $14.8 million. It seems volatility is serious right now, with positions being closed en masse. If this pace continues, it might be interesting to watch where the market goes next.