Yes, that is correct. $285 million was liquidated from the cryptocurrency market in just one hour, but according to the latest data, more than $1.1 billion was liquidated within 24 hours ¹.
The data indicates that:
- 318,221 cryptocurrency traders were liquidated in the past 24 hours.
- Bitcoin and Ethereum are the main assets that were liquidated.
Do you want me to explain the reasons behind this increase in liquidations?