Anchor Liquidation Risks
The first graph is going to show you the amount of money that have been lost during liquidations. However, if you look at the second graph it is going to show you the amount of people that were liquidated at that time. As you can see on May 23 the most amount of people were liquidated even though it was not for the most amount of money. The reason the USD liquidation graph is important is because you can see that there have been many large liquidations on certain days, but the amount of people that were liquidated are much smaller. The issue with the liquidations is that the market took a big hit and that meant many people lost their money. This is similar to anything that would happen in a financial market. This is probably where most of the large scale liquidations happened. As you can see for the most part there are not many other large scale liquidations like the ones that occurred on May 23.