Cryptocurrency Market Faces $700 Million in Liquidations in 24 Hours!

The cryptocurrency market has experienced a staggering liquidation of over $700 million (R$ 4.3 billion) in the past 24 hours. According to data from CoinGlass, approximately 228,000 investors were affected, primarily those with long positions, which are futures contracts betting on the rise of assets.

Most of the liquidations occurred due to a resurgence of risk aversion among investors, driven by fears of a new inflationary movement in the United States. President-elect Donald Trump announced economic measures that include tariffs on imported products, which could increase inflation and lead the Federal Reserve to cut interest rates less than expected.

Among the most affected cryptocurrencies, ether led the liquidations, followed by bitcoin, Solana, and XRP. Bitcoin, which recently surpassed the $100,000 mark, fell to $95,000, reflecting the market's volatility.

Exchanges Binance, OKX, and Bybit were the most impacted, with Binance accounting for nearly a third of the total investor losses. This event highlights the need for caution and risk management strategies in the cryptocurrency market, which continues to be highly volatile and sensitive to global economic changes.