Insights

Biggest long liquidation event for crypto in 2023 took place on April 19

exchange68September 13, 2024

0 0 1 minute read

Quick Take

Roughly $260 million of longs were liquidated on April 19; this is the biggest liquidation for longs in 2023.
Roughly $250 million of shorts were liquidated on April 14, previously the most liquidations seen this year.
These liquidation cascades show that derivatives have grown slightly as the year progresses, and confidence within crypto continues.
You can also see how the market was hedged long in terms of dominance, showing the market was overconfident.

Analyst

James Van Straten

Former Lead Analyst at CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century’s paramount invention.

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