On Easter, a staggering 13,520% long-to-short liquidation imbalance occurred for Bitcoin (BTC). Long positions faced massive liquidations with $9.62 million lost compared to just $71,000 in shorts.
This event contributed to over $35.35 million in total liquidations across the crypto market, with 83.6% of the losses attributed to long positions. Bitcoin alone accounted for the largest liquidation at $9.7 million.
Traders experienced a significant volatility spike, particularly reflected in a major liquidation order of $5.95 million for BTC/USDC on Binance, indicating increased market risk.
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