Man, the market woke up turbulent today. Massive liquidations happening right now - in the last 4 hours alone, $166 million worth of positions have been wiped out. Most of it was long positions, about $154 million, which makes sense given the volatility we're seeing.

What caught attention is that Bitcoin liquidations alone hit $53.82 million. ETH also took a hit with $45.44 million liquidated. When I see these numbers like this, it usually means there was a lot of leverage built up and someone pulled the trigger.

The data is from Coinglass, so it's reliable. A typical moment in a volatile market where leveraged traders pay the price. If you have an open position, better keep an eye on the next hour.