Data: Between February 26th and 27th, USD 5.5 million worth of Ethereum long positions are cleared at BitMEX

According to data provided by the analysis company Skew, between February 26 and February 27, USD 5.5 million worth of Ethereum long positions were liquidated at BitMEX. The first round of liquidation took place at around 16:00 UTC on February 26 (0:00 on February 27, Beijing time), when a $ 3 million Ethereum long position was liquidated at BitMEX. After 7 hours, long positions worth nearly $ 2.5 million were closed. The total amount of liquidation for sale was US $ 11 million, while the total amount of liquidation for purchase was only US $ 594,000.