The crypto market just experienced a liquidation storm, with a staggering $539 million wiped out in the past 24 hours. Bulls bore the brunt of the losses, seeing $481 million liquidated, while bears weren’t spared either, with $58 million in short positions closed.
This intense volatility highlights the unpredictable nature of the market. The significant losses for long positions suggest a sharp price drop or strategic stop-hunting, while the short liquidations indicate surprise rallies that caught bears off guard.
It’s a clear reminder of the risks of leveraged trading in a turbulent market. Both bulls and bears
