$107M in Long Positions Liquidated Before FOMC Announcement
- Over $107 million in long positions were liquidated within four hours.
- Leveraged traders using borrowed funds faced significant losses due to forced closures.
- The Federal Reserve’s upcoming policy meeting increased market volatility and uncertainty.
- Bullish positions betting on asset gains were primary targets during the downturn.
More than $107 million in long positions were liquidated as leveraged traders faced forced closures amid market turbulence ahead of the Federal Reserve’s policy meeting, contributing to increased unpredictability around its updates.
Source (3.2)https://cryptobriefing.com/fomc-announcement-107m-longs-liquidated-crypto/?rand=59535
