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

Quick Take

• Roughly $260 cardinal of longs were liquidated connected April 19; this is the biggest liquidation for longs successful 2023.
• Roughly $250 cardinal of shorts were liquidated connected April 14, antecedently the astir liquidations seen this year.
• These liquidation cascades amusement that derivatives person grown somewhat arsenic the twelvemonth progresses, and assurance wrong crypto continues.
• You tin besides spot however the marketplace was hedged agelong successful presumption of dominance, showing the marketplace was overconfident.

Liquidations: (Source: Coinglass)

Long Dominance: (Source: Glassnode)

The station Biggest agelong liquidation lawsuit for crypto successful 2023 took spot connected April 19 appeared archetypal connected CryptoSlate.