🩸 Nearly $1B Wiped Out in 24 Hours — Massive Crypto Liquidation Shockwave

The crypto market witnessed extreme volatility in the last 24 hours, triggering one of the largest liquidation events of this quarter.

📉 261,024 traders liquidated as rapid price swings caught leverage traders off-guard.

💥 Total Liquidations: $936.65M

• Longs: $860.48M

• Shorts: $76.17M

🔶 Bitcoin Update:

BTC is currently stabilizing near $84,000, after facing $375.65M in liquidations alone.

• Long Liquidations: $355.28M

• Short Liquidations: $20.37M

Such liquidation spikes typically signal over-leveraged positions, and historically, these events reset market structure before a decisive move.