Traders beware..

**Crypto Market Experiences Liquidation of up to US$160 Million in 24 Hours**

A total of 62 thousand traders experienced liquidation with a total reaching US$162 million or 2.6 trillion in one day. Most of it consisted of long position liquidations of US$72.68 million, while short positions recorded US$89.69 million, Sunday (05/01).

Binance experienced the largest liquidation, reaching US$88.15 million, followed by OKX US$33.95 million, and Bybit US$26.63 million. Binance, the largest crypto platform, recorded a single liquidation transaction worth US$11.98 million from Ethereum (ETH).

On the other hand, crypto assets such as Ethereum (ETH), Bitcoin (BTC), and Doge (DOGE) also recorded liquidations of US$34.81 million, US$24.1 million, and US$11.78 million, respectively.

-# source image: CoinGlass