Quick Take
Over $200M of long liquidations were wiped out on March. 3, according to Coinglass.
Over 90% of the liquidations were long.
This was due to a build-up of Futures Open Interest which continued to increase as February was ongoing.
Last week, CryptoSlate monitored the excessive build-up of Futures OI that exceeded 500k, which as a result, gave us the liquidations we were waiting for.
Total Liquidations: (source: Coinglass)
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