🚨NEWS IN: $348M WIPED IN UNDER 24 HOURS 🔥🔥
On September 5th, Coinglass data revealed total liquidations across the crypto market reached $348 million over the past day. Long positions accounted for $208 million of the losses, while short liquidations totaled $140 million.
This significant liquidation volume suggests heightened volatility and potential market repositioning. The higher long liquidations indicate that many leveraged traders were caught off-guard by sudden price declines—a reminder of the risks associated with overexposure during uncertain market conditions.
Crypto investors should monitor leverage ratios closely, set stop-losses where appropriate, and avoid overcommitting during periods of elevated volatility. Stay cautious and trade wisely.