This downturn resulted in a surge of both short and long liquidations, causing some positions to be wiped out.On the 30th of April, the liquidation volume was over $113 million, with long positions accounting for over $95 million.
Subsequently, since the 2nd of May, the liquidation volume has only exceeded $50 million once. The latest data shows that the liquidation volume was around $10 million at press time.price trend on the daily timeframe chart indicated a notable rebound following its declines on the 30th of April and the 1st of May, during which it experienced an 8% loss over 48 hours.
As of this writing, it was trading with a decrease of less than 1%, but it still maintained the $63,000 price range.30-day Market Value Realized Value ratio indicated that holders experienced a period of being underwater for much of April.
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