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CoinGlass
The latest CoinGlass coverage from Bullquill: sourced, dated and explained.
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Crypto liquidation explained: how a 1.5% drop can close a 50x long
Exchanges force-close leveraged positions when margin falls below maintenance. At 5x, a long survives about a 19.5% drop; at 50x, about 1.5%. When Bitcoin slipped below $80,000, about $291 million was liquidated in an hour, 94% of it longs.
