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Just checked the liquidation data and wow, the total liquidation over the past 24 hours hit 253 million. That's a pretty hefty amount if you ask me. Long positions got hit hard with around 203 million liquidated while shorts took 48.8878 million in losses.
BTC and ETH dominated the liquidation chart as expected - Bitcoin saw about 49.9733 million liquidated and Ethereum around 43.3305 million. But here's what caught my eye: RAVE came in third with roughly 33.8114 million in liquidations. Not something you see every day with that kind of total liquidation pressure on a smaller token.
When you see numbers like this, it usually means the market was pretty volatile and traders were getting stopped out left and right. Definitely a reminder to keep those stops tight.