As of 9 a.m. EDT on Monday, the crypto market experienced a significant loss in derivatives positions amounting to $1.15 billion. Of this figure, long positions accounted for $975.93 million. Bitcoin positions contributed approximately $403.82 million to this loss, while Ethereum positions added another $364.98 million.
This mass liquidation on Monday morning highlights the volatility and risk associated with leveraged positions in the cryptocurrency market, impacting both Bitcoin and Ethereum significantly.
