Replying to Avatar Nunya Bidness

$1.1 billion in liquidations occurred across centralized exchanges in the past 24 hours, marking the largest daily crypto liquidation since December 2021.

$815 million came from long positions.

$280 million from short positions.
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jgbtc 1y ago

Dumb question, who ends up with the bitcoin in these liquidations?

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Nunya Bidness 1y ago

If a long is liquidated then the short position(s) get the coins, essentially.