According to BlockBeats, on June 11th, a significant liquidation event occurred across the globe. Data from Coinglass revealed that within a single hour, a total of $15.88 million was liquidated. The majority of these liquidations, amounting to $15.63 million, were long positions.
This event is a clear indication of the volatility and risk associated with the global financial markets. Investors are advised to exercise caution and conduct thorough research before making any investment decisions. The data from Coinglass serves as a stark reminder of the potential losses that can occur in a short period of time.
It is important to note that while this event is significant, it is not uncommon in the world of finance. Liquidations can occur as a result of various factors, including market volatility, economic instability, and changes in investor sentiment. As such, investors should always be prepared for the possibility of such events and manage their investments accordingly.