The cryptocurrency market has experienced a sharp wave of volatility, resulting in total liquidations exceeding $314 million within the last 24 hours, according to data from Coinglass reported by Foresight News.
š Breakdown of Liquidations:
Long Positions: $221 million
Short Positions: $92.32 million
These numbers highlight a strong shakeout across both sides of the market, with bulls taking the brunt of the impact.
š„ Top Assets Affected:
Bitcoin (BTC): $52.22 million in liquidations
Ethereum (ETH): $107 million in liquidations
The data reflects the elevated leverage and heightened speculation surrounding key market moves. This level of liquidation often points to sudden price swings or market manipulation events that catch traders off guard.
š Market Outlook:
Such large-scale liquidations typically indicate a potential reset in market sentiment and positioning. Investors are advised to exercise caution, manage risk, and keep an eye on funding rates and volatility indicators before entering highly leveraged trades.
#CryptoMarket #Bitcoin #Ethereum
#LiquidationAlert #BinanceNews