⚠️⚠️⚠️⚠️ In the last 24 hours, more than one billion dollars were "taken out" of the market
In the past 24 hours, 214,270 traders were liquidated for a total amount of $1.02 billion.
The most significant loss was the liquidation of a whale for $201.31M on $BTC long.
Source: Coinglass
This is one of the largest liquidation days in recent times.
The market reminded that high volatility and leverage are a dangerous combination.
Mass liquidations often occur before a change in direction or a phase of consolidation.