Leverage Backfires as $628M in Crypto Positions Wiped Out in 24 Hours
In the past 24 hours, global crypto markets have experienced significant turbulence, with a total of $628 million in liquidations reported across the network, affecting over 130,000 traders. This spike in liquidations reflects heightened volatility in the cryptocurrency market, driven by rapid price swings and leveraged positions being closed out as margin requirements were not met. The data highlights the continued risks associated with leveraged trading in the crypto space, particularly during periods of elevated market stress.
The liquidation figures underscore the growing exposure of retail and institutional traders to leveraged products. While exact figures on the distribution of liquidated positions are not available, the overall…
