Crypto Market Faces $228M Liquidation in 24 Hours โ $ETH Leads the Wipeout ๐จ๐
In the last 24 hours, the crypto market witnessed massive turbulence, with total liquidations reaching $228 million, according to data from Coinglass (via BlockBeats). A staggering 86,742 traders were affected globally, highlighting the marketโs heightened volatility.
Long positions faced $79.64 million in losses, while short positions saw an even heavier blow at $148 million. Among all cryptocurrencies, Ethereum ($ETH
) led the liquidation chart with a whopping $95.32 million cleared, reflecting its significant price swings.
This wave of liquidations serves as a stark reminder of the risks in leveraged trading โ one sudden move can wipe out millions in minutes. Traders are now watching the market closely to see whether this marks the start of a bigger trend or just another shakeout.