Liquidity activity was essentially balanced between September 23 and October 8. Switching of long and short liquidations implied a never-ending tug of war between the bull and bear traders. However, on October 7, the long liquidations reached a high of $15.57 million, the highest in over two weeks.
Short liquidations, however, remained limited, showing that bullish traders bore the brunt of the sell-off. In the past hour, $38,320 in total positions were liquidated, including $34,280 from longs. Within four hours, $3.43 million in positions were closed, with $3.27 million from longs and only $155.42 from short liquidations.