#MarketPullback The cryptocurrency market has seen significant liquidations amid a market downturn, with over $1 billion worth of leveraged positions wiped out in 24 hours. This volatility has affected major cryptocurrencies like Bitcoin and Ethereum, with Bitcoin's price dropping below $103,000 and Ethereum falling under $2,400.
*Recent Liquidation Events:*
- *$650 million liquidated*: In the past 24 hours, the crypto market saw $650 million in liquidations, with a significant impact on Bitcoin and Ethereum.
- *Over 240,000 traders affected*: More than 240,000 traders had their positions liquidated, with $900 million in longs and $100 million in shorts.
- *Largest single liquidation*: A $35.45 million BTC/USDT trade on HTX was the biggest loss.
*Market Trends:*
- *High volatility*: The current market conditions indicate high volatility and a significant deleveraging event, particularly for traders holding long positions.
- *Deleveraging*: The market is experiencing a deleveraging event, which may lead to a more stable price movement.
*Key Statistics:*
- $512.07 million liquidated: In the last 12 hours, total liquidations stood at $512.07 million, with long liquidations at $483.95 million and short liquidations at $28.12 million.
- *157,325 traders liquidated*: In the past 24 hours, 157,325 traders were liquidated, with total liquidations reaching $562.10 million.$BTC
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