Part 1 Advanced The Market Maker’s Exchange Checklist (Liquidity, Latency, and Risk Controls) Market makers and HFT desks: evaluate exchanges on execution quality, liquidity, latency, fees, margin, and security — with a WhiteBIT walkthrough. Open guide This article is more than 2 years old...
Biggest long liquidation event for crypto in 2023 took place on April 19
Roughly $260M of long liquidations occurred yesterday, the most in crypto this year
Quick Take
- Roughly $260 million of longs were liquidated on April 19; this is the biggest liquidation for longs in 2023.
- Roughly $250 million of shorts were liquidated on April 14, previously the most liquidations seen this year.
- These liquidation cascades show that derivatives have grown slightly as the year progresses, and confidence within crypto continues.
- You can also see how the market was hedged long in terms of dominance, showing the market was overconfident.



















