Traders betting on a market-wide decline were caught off guard as a broader market recovery in the past 24 hours saw $183 million in shorts, or bets against price rises, getting liquidated. By shauryamalwa
SVB depositors will have access to all funds on Monday morning after the U.S. open.
Liquidation refers to when an exchange forcefully closes a trader’s leveraged position due to a partial or total loss of the trader’s initial margin. It happens when a trader is unable to meet the margin requirements for a leveraged position . Liquidations on ether futures crossed $78 million, the most among all crypto futures, followed by bitcoin futures at $68 million. Such activity may have contributed to an overall market surge as shorts capitulated their positions.
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