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Wow, just saw the liquidation data from CoinGlass—over the past 24 hours, there have been $383 million positions wiped out. The most affected are short positions, totaling up to $256 million, while longs are only $127 million. It seems like the crypto planet's situation is shifting significantly.
Bitcoin accounts for the largest share with $194 million in liquidations, followed by Ethereum at $98.5 million. The craziest part is a single liquidation on Hyperliquid for BTC-USD reaching $13.3 million. In total, over 87,000 traders were impacted in a single day. The market is really volatile right now, so be cautious with leverage.