The cryptocurrency market faced significant losses over the past week, with $BTC declining by 4.18% and $ETH falling over 13% against the U.S. dollar. Other cryptocurrencies have experienced even sharper declines, with some losing over 20% of their value.

In the last 24 hours alone, 139,096 traders were liquidated, resulting in a total of $339.25 million in liquidations. The largest single liquidation order took place on BitMEX for the XBTUSD pair, valued at $2.91 million.

These market movements highlight the volatility of the crypto sector, prompting traders to remain cautious amid ongoing turbulence.

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