The cryptocurrency market has experienced one of its most intense days of the month:
Over $91.45 million in liquidations in just 24 hours, according to recent data from Coinglass cited by TechFlow.
The most shocking part: both long and short positions suffered almost equally, with liquidations nearing $50 million each.
📉 Ethereum (ETH) was the hardest hit with $27.49 million liquidated.
📉 Bitcoin (BTC) followed with $12.94 million.
🚨 Even high volatility projects like ANIME weren't spared, accumulating $5.89 million in losses.
The most chilling data:
A single ETH-USDT position on a CEX was liquidated for no less than $1.42 million.
In total, 46,385 traders were swept off the board, reminding everyone that in this game, leverage without risk management can be lethal.
Analysts like Michael van de Poppe and the CryptoQuant team indicate that this massive cleanup could precede a technical rebound, but they warn that the macroeconomic narrative is still unclear.
Binance, as the leading platform, reminds all its users to utilize tools like isolated margin mode, stop-loss, and stress tests in paper trading before entering leveraged positions.
