Over 74,000 positions liquidated after modest market recovery, indicating high leverage

The total liquidations between Jan. 14 and Jan. 15 reached $201.87 million, with a skewed distribution favoring short positions. Data from CoinGlass showed that 74,152 traders were liquidated during this period, showing that yesterday’s price spike caught many traders off guard.

Liquidation data shows that shorts were disproportionally affected, making up about 64.89% of all liquidations. The significant percentage suggests that many traders were positioned for a price decline but were caught in a rebound again.