How does Markov show liquidations?
A long liquidation is a forced sell and a short liquidation is a forced buy, so clusters of liquidations can accelerate a move. Markov shows realized liquidations, live from three CEX venues and Lighter, and recorded from the same four: longs marked below the bar, shorts above. CEX 1 and CEX 2 report at most one liquidation per second, so totals are a floor.
BTC liquidations, live → All markets →
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