Part 1 Beginner Why long-term crypto holders borrow against assets instead of selling A strategic guide to liquidity management, capital preservation, and the real tradeoff between selling and borrowing crypto Open guide 
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
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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.
Market Cap $1.57T
24H Volume $33.59B
