The recent surge in liquidations has left the crypto market reeling, with a total of over $400 million in positions being closed on Thursday, April 2nd.
This marks a significant increase from Wednesday's figures, which stood at $271.18 million, and highlights the bearish sentiment currently dominating the market.
The dominance of short positioning is particularly concerning, as it suggests that investors are increasingly taking on risk in an attempt to profit from further price drops.