According to data from Coinglass, AVAX experienced significant instability in the market, leading to a cascade of long liquidations. Traders who opened long positions on AVAX found themselves facing losses as contracts valued at $316,200 were wiped out within a 24-hour period. Long positions accounted for a staggering $277,890 of these liquidations, highlighting the extent of the losses incurred by optimistic investors.&middot

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