$1.29B in Crypto Liquidations Just Rocked the Market—Here’s What Seasoned Traders Are Watching Next
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The cryptocurrency market just experienced one of its most brutal liquidation events in recent memory, with $1.29 billion wiped out in a single 24-hour period. As 277,309 traders saw their positions forcibly closed, the carnage reveals both the explosive growth and inherent risks of leveraged crypto trading.
The data tells a compelling story of market sentiment gone wrong. Short positions—bets that prices would fall—bore the brunt of the damage across all timeframes:
24-Hour Liquidations:
This 8-to-1 ratio suggests that many traders were caught off-guard by an unexpected price surge, forcing exchanges to…
