💥Crypto Liquidation Frenzy: $524M Gone!
Over the past 24 hours:
📉Bitcoin dropped 2.26% to trade at $94,314.
📉Ether slipped 0.85% to $3,335, adding to earlier declines.
💡Liquidation Data (Source: Coinglass):
Total Traders Liquidated: ~186K
Total Liquidations: $524.8MBitcoin: $142.5M liquidated (70% long positions).
Ether: $89.9M liquidated (55% long positions).
⚡Liquidations occur when traders can’t meet margin requirements due to market volatility.
👉Despite recent turbulence, optimism around pro-crypto policies keeps BTC above critical levels.
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