$107M in longs liquidated within 4 hours ahead of FOMC announcement
Key Takeaways
- $107 million in long positions liquidated within four hours ahead of the FOMC policy announcement.
- Leverage traders, who use borrowed funds to amplify gains, were heavily impacted by forced closures.
Over $107 million in long positions was wiped out of the crypto markets within four hours as leveraged traders faced forced closures amid turbulent market conditions ahead of the Federal Reserve’s upcoming policy meeting.
Uncertainty ahead of the FOMC announcement sent markets swinging, with bullish positions betting on asset gains becoming the primary targets for forced sales during the volatile downturn.
Recent market drops have been viewed as deliberate moves to clear out high-leverage positions before a key interest rate decision, contributing to increased unpredictability around Federal Reserve policy updates.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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