🔥 Crypto Market Shaken by $314M in Liquidations — Ethereum Hit Hardest
According to fresh data from Coinglass, the cryptocurrency market endured a wave of liquidations totaling approximately $314 million over the past 24 hours, signaling heightened volatility and market uncertainty.
📉 Longs Take the Hit
A staggering $221 million of the liquidations came from long positions, highlighting a sharp pullback after recent bullish momentum. Short positions, meanwhile, saw liquidations worth $92.32 million, suggesting that traders on both sides of the market faced rapid reversals.
🪙 Ethereum Bears the Brunt
Among the top assets, Ethereum (ETH) suffered the most, with $107 million in liquidations—almost one-third of the total. This sharp correction could be tied to recent overleveraged bets amid speculation around ETH ETF developments and price breakouts.
💥 Bitcoin Not Spared
Bitcoin (BTC) also saw significant damage, with $52.22 million in positions wiped out. BTC’s price fluctuations continue to pressure traders, especially as macroeconomic uncertainty and shifting investor sentiment rock crypto markets.
📊 What This Means
The spike in liquidations suggests a highly leveraged market, prone to sudden swings and forced sell-offs. As traders digest key economic data and regulatory updates, volatility may remain elevated in the short term.
🚨 Caution Ahead
With liquidations climbing and sentiment turning cautious, market participants are advised to manage leverage carefully and watch for potential support/resistance zones as the market seeks stability.
Stay tuned for further updates as the market continues to react.