Market Update: Massive Liquidations in the Last 24 Hours 📉
▪️ Liquidated Traders: 238,791
▪️ Total Liquidations: $836.15 million
▪️ Largest Single Liquidation: $15.80M (ETHUSDT on Binance)
🔻 Key Insight:
Nearly 85% of liquidations were long positions, signaling a strong downward pressure in the market.
🔹 Takeaway for Traders:
▪️ Stay cautious with leverage, especially during volatile market conditions.
▪️ Use Stop Loss orders and follow strict risk management to protect your positions.
▪️ Monitor key support levels for potential recovery or further breakdown.
Stay sharp and trade wisely and Follow CryptoPatel for Live Analysis. 📊
