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Longs Wiped Out, Market Rebound, and DeFi Orderbooks Shine

May 13, 2021 · 2 min read

By Ashwath Balakrishnan, and Jeremy Ong

Data Digest

$3.5 billion in long liquidations Select DeFi blue chips lead market rebound 0x sees highest ever volume on native orderbooks dYdX’s layer 2 settles $1 billion of trades

Key Takeaways

Nearly $4 billion in long perpetuals were liquidated over the last 24 hours across the top centralized exchanges. Huobi saw the most liquidations with close to $1.2bn, followed by $950m on Bybit and $440m on OKEx.

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