$228 Million Liquidated in Crypto Market in Just 24 Hours

In the past day, the cryptocurrency market faced heavy turbulence, wiping out around $228 million in leveraged positions. Both long and short traders were caught off guard as sudden price swings triggered mass liquidations across major exchanges. Bitcoin and Ethereum led the losses, with altcoins following closely. Analysts point to sharp market volatility and high leverage as the main reasons behind the rapid wipeout, reminding traders to manage risk carefully in unpredictable conditions.