In the past 24 hours, the cryptocurrency market experienced a major shake-up with over $1 billion in liquidations—marking one of the sharpest resets in recent memory. Of that massive amount, $943.31 millioncame from long positions, meaning traders who bet on prices rising were disproportionately affected.
$1B+ wiped out in 24h crypto liquidations
Long positions dominated losses, $943M liquidated
Likely volatility ahead for traders and prices