🚨 Massive Crypto Liquidations Rock the Market: Over $899M Wiped Out in 24 Hours! 🚨

In the last 24 hours, a wave of liquidations has hit the crypto market, wiping out nearly $900 million. Here's what happened and why it matters:

Total Liquidations: $899.66 million erased across exchanges, showing a high level of leveraged trading volatility.

Trader Impact: 279,797 traders were liquidated, highlighting the risks of leveraged positions in this volatile market.

Biggest Single Liquidation: The largest order came from Binance’s ETHUSDT pair, with a massive $11.87M liquidation.

Key Takeaways:

High Leverage Risks: Heavy reliance on leverage is amplifying market moves, leading to drastic liquidations.

Market Caution: Such extensive liquidations often signal upcoming price corrections or even trend reversals.

ETH Volatility: Ethereum’s significant liquidation on Binance suggests potential further volatility for ETH.

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