📉 Crypto market liquidation situation (last 24 hours)
In the last 24 hours, the market continued to witness a fierce wave of liquidation with a total value of up to 813.24 million USD, causing 141,984 traders to "disappear".
🔹 Liquidation details:
Shorts suffered the heaviest losses:
👉 Liquidated up to 509.15 million USD
Longs are also "crying":
👉 Lost 304.09 million USD
🔸 Time distribution:
1 hour: Long $48.82M | Short $2.13M
4 hours: Long $106.75M | Short $8.32M
12 hours: Long $210.91M | Short $32.38M
💥 The largest liquidation occurred on Binance, pair BTCUSDT, with an enormous value of $98.1 million.
🧠This is a clear "slaughter" from the market as BTC surged unexpectedly, leaving shorts unable to react. The fact that over half a billion USD in short positions were "wiped out" shows that many traders bet against the trend and used overly high leverage – a fatal mistake in a volatile market.
Be very careful, longs and shorts.
