Almost all of crypto crashed 20% in an instance today, liquidating a large number of Long traders, I too lost all of my new and year old Long positions. ..
I have always been surprised by the fact that not only long positions are eliminated during a dump, but also short positions. According to the data
https://www.coinglass.com/LiquidationData $160 million worth of short positions were eliminated. So such volatility negatively affects both those traders who trade long and those who hold short, but in this case, the former suffered more.