$755M WIPED OUT AS CRYPTO TRADERS FACE MASSIVE LIQUIDATIONS

The crypto market has seen a major wave of liquidations, with more than $755 million in leveraged positions closed over the past 24 hours. The move shows how quickly market volatility can affect traders who use high leverage.
According to CoinGlass, short traders suffered around $408.77 million in liquidations, while long traders saw approximately $346.53 million in losses. More than $630 million of the total liquidations happened within just 12 hours, showing how intense the market move was.
Large liquidation events happen when traders do not have enough margin to keep their leveraged positions open. Exchanges automatically close these positions, which can add even more buying or selling pressure to the market.
This can create a liquidation cascade, where one wave of forced closures causes further price movements and triggers additional liquidations.
Traders will now be watching Bitcoin and Ethereum, funding rates, open interest, and the balance between long and short positions. If prices stabilize, the market could begin to recover. However, continued volatility could lead to another wave of liquidations.
Bottom line: More than $755 million in leveraged crypto positions were wiped out, highlighting the risks of trading with high leverage.
Source: CoinGlass