💥 Crypto Market Hit by $200M in Liquidations Within 24 Hours
📉 What Happened?
According to PANews and Coinglass, the cryptocurrency derivatives market experienced massive liquidations worth $200 million in just one day.
💰 Breakdown of Liquidations
Long Positions (Bullish Bets):
💸 $130 million liquidated
These traders bet on prices going up, but faced unexpected price drops.
Short Positions (Bearish Bets):
💸 $70.07 million liquidated
These traders bet on prices going down, but the market moved against them.
⚠️ Why Does This Matter?
Reflects high volatility and leveraged trading risk
Indicates market uncertainty—possibly caused by macroeconomic factors or sudden news events
Can result in price swings, panic selling, or whale manipulation
📊 Market Sentiment Check
The sharp liquidations often cause price rebounds or further drops, depending on:
Overall investor sentiment
Whether liquidations were centralized in a few assets (e.g., BTC, ETH)
Trading volume across major exchanges
