The crypto market went through a sharp shakeout over the last 24 hours, with total liquidations reaching $484 million, according to Coinglass data shared by BlockBeats. Long traders took the biggest hit, losing $336 million, suggesting many were positioned for continued upside before the sudden price swings. Short positions were not spared either, with $148 million wiped out as rapid moves caught traders on both sides off guard.
This wave of liquidations highlights the fragile balance in highly leveraged markets.
Sudden volatility, thin liquidity, and emotional trading continue to punish overexposed positions. For investors, it serves as a reminder that risk management matters just as much as market direction.