The volume of liquidations in the cryptocurrency market over the past 24 hours reached $1.07 billion. Of this, bulls accounted for $584.45 million and bears for $484 million.

Moreover, bulls are 'leading' across all time intervals for the day - 1 hour, 4 hours, 12 hours.

The market sentiment is very nervous. This leads to mistakes and catching liquidations during periods of rising volatility. For the vast majority, it is time to reduce leverage rather than increase it. And for some, it is even time to temporarily step away from trading. By the time players realize this, they will lose significant portions of their deposits.