More Than $1.76 Billion Liquidated in the Last 24 Hours 📉💥
The crypto market just went through a brutal shake‑out. According to CoinGlass data, over $1.7 billion worth of leveraged positions were liquidated in the past 24 hours as prices dropped sharply across major assets like Bitcoin and Ethereum.
This wasn’t a small blip. Nearly 275,000 traders had their positions forcibly closed, with the largest single liquidation being a BTC‑USDT position worth about $80.6 million.
Most of the pain came from long positions. That means traders betting on the market going up were hit hardest as sharp moves down triggered cascading margin calls.
Here’s what this kind of liquidation event usually tells us:
• The market has a lot of leverage built up and when price breaks key levels it can trigger domino effects.
• Forced selling adds pressure and accelerates declines beyond normal trading flows.
• It’s a reminder that high leverage carries very high risk, especially in volatile conditions.
This kind of move shakes out weak hands and can set the stage for stabilization once the forced selling pressure eases. But it also highlights how quickly sentiment can swing and how risky leveraged futures trading can be during sharp down moves. $BTC
#ZAMAPreTGESale #WhoIsNextFedChair #ClawdbotSaysNoToken #TSLALinkedPerpsOnBinance