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I just reviewed the crypto market liquidation chart, and today's numbers are quite intense. In just 24 hours, they liquidated $257 million, and the most interesting thing is that longs took the biggest hit with $163 million compared to $93 million in shorts.
Bitcoin was one of the most hit with liquidations of $55.5 million, while Ethereum reached nearly $44 million. The crazy part is that over 129,000 traders were liquidated during this period. There was an individual position in Hyperliquid that was wiped out for almost $7 million in the XYZ:CL-USD pair, that was definitely a sharp drop.
It seems the market was quite volatile today. If you're a Bitcoin trader or watching the liquidation chart, it was definitely a day to be cautious with leverage. These numbers show why managing risk properly is important during these movements.