#TradingMistakes101 Crypto Market Shaken by $91.45 Million in Liquidations
Recent data from Coinglass paints a clear picture of volatility in the cryptocurrency market, with a substantial $91.45 million in liquidations occurring over the past 24 hours. This isn't a one-sided affair either, as both long and short positions each saw $50.01 million wiped out.
Leading the charge in these forced closures were Ethereum (ETH) and Bitcoin (BTC). ETH experienced $27.49 million in liquidations, while BTC followed with $12.94 million. Even the more niche token, ANIME, felt the pinch, recording $5.89 million in liquidations.
In total, a staggering 46,385 traders faced liquidation, highlighting the widespread impact of recent price movements. The largest single liquidation event occurred on a centralized exchange (CEX), an ETH-USDT trading pair totaling a significant $1.42 million. This wave of liquidations underscores the inherent risks and rapid shifts that characterize the crypto landscape. Traders are clearly feeling the heat.
