Top Five Liquidation Addresses Suffered Major Losses in Overnight Market Volatility

BlockBeats reported on September 16 that the top five addresses on the liquidation leaderboard suffered large forced liquidations during last night’s market moves. According to BlockBeats On-chain Detection, total liquidations reached about $13.51 million, with roughly $9.16 million on the long side and $4.35 million on the short side. Address 0x2814 was the main “double liquidation” address in this round after its long positions were repeatedly liquidated and it quickly reversed to short, only for those short positions to be liquidated as well. Its total liquidations came to about $4.34 million. In addition, 0x0eef saw about $2.79 million in long positions liquidated, while 0x9bbf had about $2.64 million in long positions liquidated. On the short side, 0x704c was liquidated by about $1.92 million, and 0xef69 recorded cumulative liquidations of about $1.82 million.