Crypto Market Liquidations Exceed $1 Billion in 24 Hours as Volatility Surges

Over $1 Billion in Crypto Liquidations as Market Volatility Intensifies

The crypto market has witnessed massive liquidations, with over $1 billion wiped out in the last 24 hours. The sell-off, triggered by increased volatility, saw heavy liquidations across Bitcoin, Ethereum, and other major altcoins.

The Damage: Largest Liquidations by Asset

The widespread liquidations have significantly impacted leveraged traders, with long and short positions both facing heavy losses.

Largest Liquidations by Asset

Why Did This Happen?

Several key factors contributed to this market-wide liquidation event:

With Bitcoin and Ethereum at critical support levels, traders are closely watching for potential recovery or further downside risk.

What’s Next for the Market?

This mass liquidation event underscores the risks of high leverage in crypto trading. As the market stabilizes, traders will be looking for signals of a potential rebound or further downside pressure.