Over $406M worth of positions were liquidated in the past 24 hours.
• BTC: $160M liquidated
• ETH: $91M liquidated
• Majority from long positions
This indicates strong downside pressure as leveraged longs were flushed out. Such liquidation cascades often accelerate volatility and can either mark continuation to lower levels or form the base for a relief bounce once selling pressure exhausts.
Watch for liquidity grabs and reaction at key support zones.
Risk management remains critical in high-leverage environments.
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