๐จ Crypto Market Hit by $267M in Liquidations in 24h โ Tight Leverage Still Bites Hard
According to data aggregators, the market just saw a $267M wipe-out across derivatives โ with $180M from longs and $87.3M from shorts. Major hits:
Bitcoin long positions: $60.9M liquidated
Bitcoin shorts: $29.6M
Ethereum longs: $55.9M
Ethereum shorts: $30.1M
Global hit count: 92,772 traders liquidated โ and the biggest single liquidation order? A monstrous $5.3M on BTC-USD.
โ ๏ธ What this means:
Leverage remains a silent risk โ when volatility spikes, even strong setups crumble.
Liquidity thins fast after such sell-offs. This often leads to wider bid-ask spreads & steep slippage on large orders.
The crash trims excess risk โ pushing weak hands out and forcing a reset on over-extended positions.
๐ What to expect:
Volatility stays high โ sharp rebounds or deeper dips are both on the table.
Many traders may avoid high-leverage plays for now โ preferring conservative, long-term holding.
If crypto recovers, the leaner, less-leveraged market could emerge stronger and more stable.
Bottom line: This liquidation wave hurt โ but it also flushed out reckless risk.
For traders: treat risk like fire โ respect it, but donโt dance too close ๐ฅ
