NXPC Sees $19.3 Million in Liquidations, Ranking Behind BTC and ETH in Latest Coinglass Report

On May 15th, COINOTAG reported significant movements in the cryptocurrency market based on Coinglass data. The **on-chain liquidation** volume for **NXPC** reached a substantial **$19.347 million**, positioning it as the third-highest asset behind **BTC** and **ETH**. This market activity exhibited a predominance of **long liquidations**, which totaled **$14.28 million**, indicating a considerable unwind of bullish positions. Conversely, **short liquidations** accounted for **$5.06 million**, reflecting the ongoing volatility within the trading environment. The sharp fluctuations in liquidation values underscore the necessity for investors to monitor their positions closely amidst unpredictable market dynamics. As the crypto landscape evolves, staying informed about metrics like liquidation trends will be crucial for formulating **investment strategies** and mitigating risks effectively.