Bitcoin and Ethereum Liquidations Rise: Impact of Market Volatility and Bybit Hacking Incident

Bitcoin and Ethereum liquidation volume has increased, putting immense pressure on traders. Despite stable prices, traders are forced to close their positions due to insufficient margins, leading to increased market volatility. Ethereum liquidation volume has increased significantly over the past 72 hours, partly due to the Bybit hacking incident, but market leverage remains a driving factor. Bitcoin liquidation reflects a deleveraging cycle