💥 $550 Million Liquidated Yesterday: Crypto Markets Hit by Major Shakeout
#CryptoFundsOnTheMove #IfYouAreNewToBinance #BinanceTurn8
The crypto market saw substantial liquidations, particularly on Binance and across broader derivatives platforms:
📉 Coinglass (24-hour total)
$531.2 million in total liquidations
158,798 traders were liquidated in that period
💹 BeInCrypto Snapshot
Reported $553.7 million liquidated over the past 24 hours
Included 152,419 traders
⚖️ Takeaway
Both data sources align closely: $530–550 million wiped out in a single day.
Translation: Around 150–160,000 traders were liquidated, signifying a major de-risking event across crypto derivatives.
🔍 Why this matters
Large-scale liquidations often trigger volatility, as forced sell-offs can cascade through markets.
Can indicate a shift from leveraged buildup to short-term reset or reversal.