💣 $735 Million Liquidated: Crypto Traders Crushed as Market Ignites a Volatility Vortex

#CryptoFundsOnTheMove #Liquidations #IfYouAreNewToBinance

Total crypto derivatives liquidations across exchanges sits at around $735.6 million over the past 24 hours, according to Coinglass data—affecting approximately 127,388 traders .

⚖️ Breakdown by Position Type:

Long positions (bulls): Included in the total, but Coinglass doesn't specify here—likely a significant portion.

Short positions (bears): Following recent market surges (e.g., BTC breaking $120K), many shorts were squeezed—this contributed heavily to the total figure .

⚠️ Why Figures Vary Across Sources:

Different aggregators use different exchange coverage—some include only major venues, others include niche regional or decentralized platforms.

Time window misalignment—“24-hour” might shift depending on UTC vs local cutoffs.

Scope of instruments—some include only perpetuals; others include futures, options, and even DeFi liquidations.

✅ Quick Take:

Primary number: ~$735 million in the last 24h—mostly shorts.

Driver: BTC’s swift move above $120K triggered a cascade closing leveraged positions across exchanges.

Context: This isn't unusual during weekend rallies—thin liquidity amplifies stop-run effects