The crypto market has soared after the long-awaited US Federal Reserve rate cut, leading to an increase in liquidations.

📉 Liquidations have risen 46% to nearly $200 million, according to Coinglass. Most of the positions are shorts worth $126 million.

- Bitcoin (BTC) leads with $75 million in liquidations after a 2.9% gain.

- Ethereum (ETH) is in second place with $35 million in liquidations.

Overall interest has risen 4%, which could increase volatility.