The cryptocurrency market has witnessed a massive liquidation wave over the past few days, exceeding $827 million in just 24 hours, resulting in heavy losses for many traders, especially those using high leverage.

📉 Main reasons for the liquidation:

Sharp decline in Bitcoin price: The price of Bitcoin fell below $104,000, leading to the liquidation of large financial positions.

Expiration of options contracts: Options contracts worth $11.6 billion for Bitcoin and Ethereum expired, increasing market volatility.

Liquidation of large financial positions: Financial positions worth $208 million were liquidated in just one hour, mostly from long positions.

Significant individual losses: One trader incurred a loss of nearly $100 million due to the liquidation of their Bitcoin positions.

🔍 Most affected currencies:

Bitcoin (BTC): Dropped below $104,000.

Ethereum (ETH): Experienced liquidations worth $109 million.

Dogecoin (DOGE) and Shiba Inu (SHIB): Fell by approximately 11%.

⚠️ Warning to investors:

These events indicate the need for caution when using leverage in cryptocurrency trading, especially amid the extreme volatility the market is experiencing.