Crypto Market Faces $588 Million in Liquidations in 24 Hours 💥

The last 24 hours have been brutal for leveraged traders — over $588 million in positions were liquidated as sudden volatility hit Bitcoin, Ethereum, and major altcoins.

According to Coinglass data, more than 170,000 traders were wiped out, with Bitcoin leading the flush at over $210M in liquidations, followed by Ethereum (~$120M) and high-beta assets like $SOL , $DOGE , and $PEPE

taking heavy hits.

The cascade started after a sharp BTC rejection near $69K, triggering margin calls and liquidations across perpetual markets. Funding rates, which had been elevated for weeks, flipped negative — a signal of risk being reset.

Despite the short-term pain, analysts view this as a healthy cleansing event. It flushes out excessive leverage and gives the market room to stabilize before the next major move.

Long-term investors remain calm, citing strong institutional inflows and ETF volumes that continue to climb even amid volatility.

Volatility is opportunity — but only for those who manage risk. 🔥

#Crypto #Bitcoin #Ethereum #SOL #Liquidation #MarketCrash #DeFi #Web3